IN RE SOUTHERN INDUS. BANKING CORP.

Bankruptcy No. 3-83-00372, Adv. No. 3-83-0485.

36 B.R. 1008 (1984)

In re SOUTHERN INDUSTRIAL BANKING CORPORATION, d/b/a Daveco, Debtor. BEDS AND MORE, INC., Plaintiff, v. Irwin DEUTSCHER, Trustee for Southern Industrial Banking Corporation, Defendant.

United States Bankruptcy Court, E.D. Tennessee.

February 13, 1984.


Attorney(s) appearing for the Case

Annette E. Winston, Knoxville, Tenn., for plaintiff.

Frantz, McConnell & Seymour, Robert L. Kahn, Knoxville, Tenn., for defendant.


MEMORANDUM

CLIVE W. BARE, Bankruptcy Judge.

Plaintiff seeks rescission of its prepetition discount sale to the debtor of certain chattel paper. Alternatively, plaintiff demands payment in full of the amount of the check it accepted from the debtor in consideration of the transfer.

The facts have been stipulated by the parties. At all times material herein plaintiff Beds and More, Inc., a Tennessee corporation, was in the business of selling furniture...

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