Taylor v. Quittner. Quittner v. Taylor

The bankrupt was engaged in buying and selling used automobiles. Taylor agreed to finance the operations at six per cent interest upon the deposit with the Taylor Company, his corporate personality, of title documents and the giv-. ing of trust receipts upon purchased cars. He personally was also placed on the payroll with payment of $1,000 a month for each $25,000 advanced to bankrupt. Subsequently, when he found that bankrupt was selling cars to others without accounting to the creditor company for its trust receipts, he insisted upon being and was named vice-president and manager of bankrupt. Immediately after one of the employees of bankrupt quit, Taylor hired him. In company with this employee, he clandestinely opened the bankrupt’s safe at night and removed an undetermined number and kinds of documents. He caused all the other officers of the bankrupt to be arrested. He then applied on his own debts $600 taken from the bank account of bankrupt. On February 1, he removed and took into his possession all the automobiles in the lot of bankrupt, including many on which he had no trust receipt. Taylor then mailed to bankrupt a notice, which was redelivered to Taylor at his home…