Talcott v. Waller

Citations

• 191 F. 725
• 112 C.C.A. 315
• 1911 U.S. App. LEXIS 4982

Syllabus

<p>Insolvency (§ 105*) — Administration of Estate — Provable Claims — Advances by Factor.</p> <p>A factor, who has made advances on goods consigned to him for sale, is not a creditor of the owner ou account of such advances until the goods have been sold, aud then only for the amount which the goods fail to pay, and until such sale he cannot prove a claim against the estate Of the owner in insolvency, either under the general commercial law or under Gen. St. Conn. 1887, §§ 587, 590, which, while they provide for the proving of both secured and unsecured claims in insolvency proceedings, apply only to claims which' constitute a present indebtedness.</p> <p>[Ed. .Note. — For other cases, see- Insolvency, Dec. Dig. § 105.*J</p>