New Britain MacH. Co. v. Watt
New Britain MacH. Co. v. Watt
Opinion of the Court
This is an appeal from two orders of the district court, one being a confirmation of a sale made by the receiver, and the other an order confirming the action of the receiver in paying himself the salary fixed by the court. Demurrers were sustained to pleadings attacking the sale and order confirming the payment of the salary. The receiver was appointed by the court, and it must be presumed that such appointment was legally made, and that the receiver has duly qualified.
There is no allegation in the petition that shows that the appointment of the receiver was void, but mere irregularities are set up which might have rendered the appointment voidable in a proper proceeding to set aside the appointment.
“The price received for the said property, being the highest bid therefor, is inadequate, and very materially so, it being several thousand dollars less than the price the undersigned offered for the said property should the same be ordered sold to them at private sale as per their offer filed herein in connection with their motion to set aside the order of sale made by your honor on October 1, 1914, directing the receiver herein to make a sale of personal property of said corporation, said company.”
If the facts alleged in that paragraph are true, the sale should have been set aside. It formed a sufficient basis'for the introduction of evidence, but the court sustained a demurrer to it and would not hear evidence on the subject.
The judgment is reversed, and the cause remanded.
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Reference
- Full Case Name
- NEW BRITAIN MACH. CO. Et Al. v. WATT
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- Published