Crawford v. Rumpf

Citations

• 205 Pa. 154
• 54 A. 709
• 1903 Pa. LEXIS 536

Syllabus

<p>Bankruptcy — Preference—Belief of creditor.</p> <p>Where the creditor of a firm of brokers knowing of the suspension of latter’s business, and having no reason to believe that the firm was otherwise than hopelessly insolvent, secured by energetic action, and by the payment of a considerable sum of money, securities of the firm which gave him a preference over other creditors, it will be presumed that he “ had reasonable cause to believe” that the transaction to which he was a party was intended thereby to give him a preference, within the meaning of the national bankrupt act.</p>