Facts: Price Security Holdings Inc. sued Klompas & Rothwell for unpaid rent after they failed to pay despite occupying office space. The key issue was whether Price, as a beneficiary, had the right to sue for unpaid rent or if this right solely belonged to the trustee.
Issues: The court had to determine if special circumstances allowed the beneficiary (Price) to sue the debtor (Klompas & Rothwell) directly.
Ruling: The appeal was allowed. The court found that the trustee's failure to act and the principle of equity constituted special circumstances granting Price standing to sue.
Amount Awarded: Price was entitled to judgment for the unpaid rent amount of $144,094.29, plus interest and legal costs.
