In the Matter of Argus Industries, Inc., Bankrupt, Cal-Val Research and Development Corporation v. Manuel M. Liodas, Trustee in Bankruptcy, Manuel M. Liodas, Trustee in Bankruptcy, Cross-Appellant v. Cal-Val Research and Development Corporation, Cross-Appellee

443 F.2d 1255 In the Matter of ARGUS INDUSTRIES, INC., Bankrupt, Cal-Val Research and Development Corporation, Appellant, v. Manuel M. LIODAS, Trustee in Bankruptcy, Appellee. Manuel M. LIODAS, Trustee in Bankruptcy, Cross-Appellant, v. CAL-VAL RESEARCH AND DEVELOPMENT CORPORATION, Cross-Appellee. No. 24741. No. 24984. United States Court of Appeals, Ninth Circuit. April 26, 1971. Rehearings Denied July 7, 1971. Charles H. Phillips (argued), John Gaims, of Irell & Manella, Century City, Los Angeles, Cal., for appellant Cal-Val. Timothy M. Thornton (argued), of Simon, Sheridan, Murphy, Thornton & Medvene, Los Angeles, Cal., Quittner, Stutman, Treister & Glatt, Los Angeles, Cal., for appellee. Before HAMLEY, BROWNING and ELY, Circuit Judges. HAMLEY, Circuit Judge: 1 This litigation arises out of a claim in bankruptcy, in the amount of $215,762.56, by Cal-Val Research and Development Corporation (Cal-Val), for goods sold and delivered under subcontracts to Argus Industries, Inc. (Argus), the bankrupt. The trustee in bankruptcy, Manuel M. Liodas, filed objections to the Cal-Val claim and a counterclaim for alleged breach of the same contracts. The referee disallowed…