Brooks v. Skookum Manufacturing Co.

Citations

• 9 Wash. 80
• 37 P. 284
• 1894 Wash. LEXIS 261

Syllabus

<p>INSOLVENT CORPORATION — PREFERENCES.</p> <p>Where a corporation is conducting a profitable business it is not chargeable with insolvency from the fact that its indebtedness is in excess of its assets; and a bona fide chattel mortgage given under such circumstances is not invalid on the ground of being a preference by an insolvent corporation.</p>