United States Bankruptcy Court, M.D. Tennessee September 4, 1985, Bankruptcy No. 384-01048, Adv. No. 385-0048 (Waldschmidt v. Metropolitan Lincoln-Mercury, Inc. (In Re Preston))

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MEMORANDUM

KEITH M. LUNDIN, Bankruptcy Judge.

The question presented is whether a pre-petition agreement for the sale of the debt- or’s car dealership is an executory contract where the debtor remains obligated to indemnify the purchaser and the purchaser remains obligated to supply the debtor with free cars. Applying the test set forth by the Court of Appeals for this circuit in

Sloan v.