Grubb v. General Contract Purchase Corporation

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding funds loaned to debtor by bank for the specific purpose of paying a particular creditor, never became part of the debtor’s assets
• finding that debtor had no control of loan funds even though the funds went through debtor’s account where lender delivered cashier’s check directly to third party in payment of debt owed to third party by debtor
• third parties made payments directly to the creditor and/or payments to the creditor were found to be conditions of loans
• \[N]o cheque is valid before delivery.\

Source: CourtListener parenthetical corpus (CC0).