Court of Common Pleas of Ohio, Hamilton County August 8, 1933 (Cincinnati Rubber Mfg. Co. v. John T. Towsley Mfg. Co.)

Matthews, J.

On August 21, 1930, the defendant was unable to pay its debts as they matured. It recited that fact in an agreement entered into by it, as party of the first part, with three individuals acting as a committee of all its creditors, as party of the second part, and all its creditors as parties of the third part.