In re American Specialty Co.

Citations

• 191 F. 807
• 112 C.C.A. 321
• 1911 U.S. App. LEXIS 4991

Syllabus

<p>1. Bankruptcy (§ 314*) — Provable Claims.</p> <p>It is uo objection to the allowance of a claim against a bankrupt corporation for money lent that it passed through several hands, where claimant furnished the money with the intention that it should be a loan to the corporation, and the latter received and used it as such.-</p> <p>[Ed. Note. — For other cases, see Bankruptcy, Dec. Dig. § 314.*]</p> <p>2. Bankruptcy (§ 314*) — Provable Claims — Effect of Assignment.</p> <p>An assignee of a claim against a bankrupt as the legal owner may prove the same and collect all dividends thereon, although the assignment was intended as collateral security only.</p> <p>[Ed. Note. — For other cases, see Bankruptcy, Dec. Dig. § 314.*]</p> <p>3. Bankruptcy (§ 314*) — Provable Claims.</p> <p>The fact that money lent to a bankrupt was not the property of the lender, but belonged to her minor children, did not affect her right to prove a claim therefor against the bankrupt estate.</p> <p>[Ed. Note. — For other eases, see Bankruptcy, Dee. Dig. § 314.*]</p>