In re House of Fashion
Opinion of the Court
The facts are somewhat involved, and ip will not be necessary to recite them at length. The real controversy in the case is whether or not the bankrupt assumed the indebtedness of another corporation.
Prior to the organization of the House of Fashion and for some
Upon the same testimony a majority of this court have reached the opposite conclusion. We understand Blumenkrohn to state expressly that he did tell Ludwig that the House of Fashion intended to assume the indebtedness; the context shows that his answers to the questions mean just that. The witness sometimes says “I,” and sometimes “we,” but it seems clear to us that in so doing he did not intend to indicate any legal distinction. Thus, in answer to the question whether he didn’t tell Ludwig that the House of Fashion would assume “all of the Blumenkrohn indebtedness to him” (which evidently means the Blumenkrohn Company indebtedness), he replied, “I did intend to do so, but we really did not.” The rest of the testimony shows that the phrase “we really did not” means only that the House of Fashion did not actually give Ludwig notes for all the indebtedness of the other company. The answer to the next question shows that he did at that time tell Ludwig of his intention.
Ludwig’s testimony seems to us equally clear that it was the House of Fashion which took over the assets, which promised by Blumenkrohn, the person in sole control of it, to pay the debt.
• The order is reversed.
Reference
- Full Case Name
- In re HOUSE OF FASHION
- Status
- Published