Warner

Warner v. Citizens' Bank of Ana-Cortes

Good Law
25 F.2d 21·1928 U.S. App. LEXIS 2885
United States Court of Appeals for the Ninth CircuitMarch 26, 1928No. 5308California723 words

Opinion

Lead Opinion

Dietrich, J.

The appellant as trustee of the estate of A. B. Campbell, bankrupt, brought this suit for the cancellation of a chattel mortgage delivered to the appellee bank September 3, 1925, upon the theory that, having been given to secure a pre-existing indebtedness, it ceased to be effective after the filing of the petition in bankruptcy, which was within four months after the execution of the mortgage.

We are of the opinion that the complaint fails to state facts sufficient to constitute a cause of action. There is no description, oven of a general nature, of the property covered by the mortgage, nor any allegation that the bankrupt owned any property covered by it when the petition in bankruptcy was filed, or thereafter, or that the appellant, trustee, ever acquired title to or possession of any such property. And, upon a reference to the evidence, it appears that he must have advisedly refrained from alleging either title or possession. It seems that Campbell had been the owner of a bakery, and upon December 3, 1925, he made to the Seattle Merchants’ Association for the benefit of all his creditors a common-law assignment thereof, including all supplies, equipment, furniture, bills and…

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