[Download] "Bruce v. Mcclure" by Fifth Circuit United States Court Of Appeals # Book PDF Kindle ePub Free
eBook details
- Title: Bruce v. Mcclure
- Author : Fifth Circuit United States Court Of Appeals
- Release Date : January 17, 1955
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 56 KB
Description
This is a suit by the trustee in bankruptcy of Bruces Juices, Inc., against J. Adams Bruce and his wife, Margaret M. Bruce, complaining that for a period of six years prior to bankruptcy the corporation made monthly payments of $125 to the First Federal Savings and Loan Association of Tampa, Florida, totalling some $11,225, to discharge a mortgage owed by the defendants on their family residence. The suit sought to have the court find that these payments were made without consideration moving to the corporation and were void as against the trustee in bankruptcy, and that the total payments made should be considered as a pro tanto purchase of the mortgage; and that although the mortgage was paid off and satisfied of record, the court should decree a revival of the mortgage and its ownership by the trustee under the principles of subrogation.
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