Louisiana Court of Appeal March 16, 1925, No. 9690 (Ittman v. Kracke & Flanders Co.)

CLAIBORNE, J.

B. A. Flanders was a creditor of Kracke and Flanders for $24,000 secured by mortgage on property owned by Kracke and Flanders. Kracke and Flanders went into the hands of a receiver in September, 1923; in February, 1924, the Receiver obtained an order for the sale of the mortgaged property on terms of cash, the purchaser to assume the taxes of 1924; at the sale the property was