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FOULKE v. C. PARDEE WORKS

August 20, 1940

FOULKE et al.
v.
C. PARDEE WORKS



The opinion of the court was delivered by: WALKER

1. On January 22, 1940, an order was entered directing the receiver to sell the intangible property of The C. Pardee Works (hereinafter referred to as "Pardee"), excluding all cash on hand and on deposit and books of accounting, but including without limitation the following:

"Parcel 1 -- Claim of The C. Pardee Works against Pardee-Matawan Tile Co., amount $84,684.00.

 "Claim of The C. Pardee Works against Blackwood Coal & Coke Co., amount $396,488.52

 "Claim of The C. Pardee Works against Roaring Fork Railway Co., amount $2,473.98

 "Stock of Pardee-Matawan Tile Co., amount $8,180.00.

 "Parcel 2 -- All accounts receivable which shall be due and owing to The C. Pardee Works, or to me as receiver, at the time of said sale.

 "Parcel 3 -- All good will of The C. Pardee Works and rights, if any, to use of the name."

 2. On February 26, 1940, the report of the sale of each parcel was filed and shows: "The highest unconditional and unqualified bids received were made by Ario Pardee: Parcel 1 $2,500.00 Parcel 2 400.00 Parcel 3 50.00

19400820

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