The Federal Reporter: With Key-Number Annotations ..., volume 34
The Federal Reporter: With Key-Number Annotations ..., volume 34
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In our eReader you can find the full English version of the book. Read The Federal Reporter: With Key-Number Annotations ..., volume 34 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Federal Reporter: With Key-Number Annotations ..., volume 34
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358, 381; Brown v. Somendlle, 8Md. 444, 456; RyegaU v. Wardsboro, ■30 Vt. 746; Co. Inst. 24 V, J. Jf. Thompson and D. Turpiey for defendants.
We take the position herein that a debtor in embarrassed circumstances lias, under the common law, an absolnte right to prefer a creditor, — ^to pay or to secure the payment of one of the claims against him» — and this claim may be either a debt due, or one which may become due upon any lawful contingency. It may be either direct or collateral. * * * It m...ay be a debt growing out of or a liability created, or about to mature, by virtue of a note, bond, or statute. As to how it is created makes no difference, so that it be a lawful claim or liability. Fitch was a stockholder in a national bank; the grantee and creditor Gatch was an unpaid depositor therein; the liability of Pitch to Gatch was created and then existed, under section 5151, Bev. St.
U. S., quoted tiupra. * * * As long as unpaid deposit of Gatch existed, there was a consideration for the conveyance, because there was a liability of Fitch (under the statute) ** individually" to pay it to tlie extent of the par value of his stocky greatly exceeding Gatcb's claim and the value of the prop- erty conveyed.
What to read after The Federal Reporter: With Key-Number Annotations ..., volume 34?
You can find similar books in the "Read Also" column, or choose other free books by United States. Circuit Courts, United States. District Courts, District of Columbia. Court of Appeals, United States. Circuit Court of Appeals, United States. Commerce Court to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
358, 381; Brown v. Somendlle, 8Md. 444, 456; RyegaU v. Wardsboro, ■30 Vt. 746; Co. Inst. 24 V, J. Jf. Thompson and D. Turpiey for defendants.
We take the position herein that a debtor in embarrassed circumstances lias, under the common law, an absolnte right to prefer a creditor, — ^to pay or to secure the payment of one of the claims against him» — and this claim may be either a debt due, or one which may become due upon any lawful contingency. It may be either direct or collateral. * * * It m...ay be a debt growing out of or a liability created, or about to mature, by virtue of a note, bond, or statute. As to how it is created makes no difference, so that it be a lawful claim or liability. Fitch was a stockholder in a national bank; the grantee and creditor Gatch was an unpaid depositor therein; the liability of Pitch to Gatch was created and then existed, under section 5151, Bev. St.
U. S., quoted tiupra. * * * As long as unpaid deposit of Gatch existed, there was a consideration for the conveyance, because there was a liability of Fitch (under the statute) ** individually" to pay it to tlie extent of the par value of his stocky greatly exceeding Gatcb's claim and the value of the prop- erty conveyed.
What to read after The Federal Reporter: With Key-Number Annotations ..., volume 34?
You can find similar books in the "Read Also" column, or choose other free books by United States. Circuit Courts, United States. District Courts, District of Columbia. Court of Appeals, United States. Circuit Court of Appeals, United States. Commerce Court to read onlineMoreLess
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