The running account principle in preference law requires a mutual assumption between debtor and creditor that continued payments will ensure continued supply of goods or services; the mere fact that a creditor continues to supply services (particularly where compelled by statute) while receiving payments does not establish a running account. Interest on recovered preferences runs from the date of the liquidator's demand, not from the commencement of the winding up. A creditor's statutory power to impose liens does not, of itself, render payments non-preferential.
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