Arnold v. . Porter

Citations

• 29 S.E. 414
• 122 N.C. 242
• 1898 N.C. LEXIS 235

Syllabus

<p>Ríen — Trust—Breach of Contract.</p> <p>Where a corporation, in pursuance of an agreement with plaintiff, retained from the wages of its employees the price of supplies furnished to the latter by him and became insolvent and a receiver was appointed before the money was paid to plaintiff; Held that no equitable trust or lien was created or attached to the funds in the hands of the Receiver, the proceeds of collections of book ac- * counts, so as to entitle plaintiff to a preference over other creditors.</p>