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.

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