Court of Appeals for the Fifth Circuit March 1, 1966, 21887 (James Talcott, Inc. v. William H. Collier, Trustee in Bankruptcy of J. A. Riley Lumber Co., Inc., Bankrupt)

GEWIN, Circuit Judge:

Several months prior to its bankruptcy, J. A. Riley Lumber Co., Inc. (Riley) entered into a written contract with appellant James Talcott, Inc. (Talcott) for the financing and purchasing of accounts receivable under the provisions of the Alabama Assignment of Accounts Receivable Act (ARA), Title 39, Sections 207 et seq., Code of Alabama 1940, as amended.