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IN RE CENTURY STEEL, INC.

Bankruptcy No. 84-00038, Adv. No. 84-0152.

56 B.R. 268 (1985)

In re CENTURY STEEL, INC. (EIN 72-0837815), Debtor. James MURPHY, Plaintiff, v. Charles N. MALONE, Individually and as Trustee for Century Steel, Inc., Defendant.

United States Bankruptcy Court, M.D. Louisiana.

June 12, 1985.

Attorney(s) appearing for the Case

Walter L. Smith, III, Baton Rouge, La., for plaintiff.

Charles N. Malone, Baton Rouge, La., for himself individually and as trustee.

WESLEY W. STEEN, Bankruptcy Judge.

REASONS FOR JUDGMENT

This case presents very difficult issues for decision because the parties failed to define their reciprocal legal rights and obligations at the time that the Complainant paid the sum of $2,000.00 to the Defendant. Subsequent to that payment, the automobile that was the object of the transaction was destroyed; there was no insurance. Each party now seeks to define his legal relationship in a manner that...

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