E. GRADY JOLLY, Circuit Judge:
In this bankruptcy appeal we must decide whether a bank obtains an impermissible set-off in violation of 11 U.S.C. § 553(a) when it exercises its contractual right during the prohibitive period to debit "chargebacks" against the commercial account of a merchant depositor for credit card refunds. The appellant Sherman contends that the district court erred in holding that the appellee First City Bank did not violate 11 U.S.C. §...
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