Home Bond Co. v. McChesney - 239 U.S. 568 (1916)
U.S. Supreme Court
Home Bond Co. v. McChesney, 239 U.S. 568 (1916)
Home Bond Company v. McChesney
Argued December 3, 1915
Decided January 10, 1916
239 U.S. 568
This Court follows the conclusions, reached by the Special Master and affirmed by both courts below, that transactions purporting to be purchases of accounts receivable from the bankrupt were really loans with the accounts transferred as collateral security.
210 F. 893, affirmed.
The facts, which involve construction of contracts between the bankrupt and one dealing with him and determination of whether such contracts were purchases of accounts or loans with the accounts as collateral, are stated in the opinion.