CLYDE E. CATE, as Trustee, etc., Appellant, v. CERTAINTEED PRODUCTS CORPORATION (a Corporation), Respondent
23 Cal. 2d 444 ·
Supreme Court of California · Filed
Published · citable
Holding
The court held that the trustee in bankruptcy failed to establish that the creditor, Certainteed Products Corporation, had reasonable cause to believe the debtor was insolvent at the time it received payments, and therefore, the transfers did not constitute voidable preferences under the Bankruptcy Act.