Report of Cases Argued And Determined in the Supreme Court of Alabama volume 25
Report of Cases Argued And Determined in the Supreme Court of Alabama volume 25
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In our eReader you can find the full English version of the book. Read Report of Cases Argued And Determined in the Supreme Court of Alabama volume 25 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 Report of Cases Argued And Determined in the Supreme Court of Alabama volume 25
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C. 156. With the exception of the notes on McKenzie, Price, Hugh Montgomery, Thomas J. Wright, and some few others, the claims assigned were under fifty dollars, and, in- deed, by far the greater portion of them under twenty dol- lars ; and as the answer of McKenzie admits, that the debtors generally were residents of the district in which he resided, we think that by the exercise of ordinary diligence on his part, most of the available debts could have been realized within a year after the acc...eptance of the trust. There would, undoubtedly, be cases in which this result could not be accomplished ; but in the absence of any special cause, we see no good reason for allowing a longer period to collect from debtors who were solvent, and whose debts were due at the execution of the assignment, or on the first of January thereafter, as the accounts generally were.
The assignment requires the trustees to apply the proceeds of the claims, &c. , assigned, to the payment of the debts of Royall, in equal proportions ; but the record shows, that every creditor of Royall, whose debts, so far as we can learn, were a charge upon the trust fund, accepted the provisions of the assignment shortly after its execution ; so that there was no necessity for McKenzie to retain the moneys in his hands, in order to ascertain these debts, after the expiration of the year.
What to read after Report of Cases Argued And Determined in the Supreme Court of Alabama volume 25?
You can find similar books in the "Read Also" column, or choose other free books by Alabama Supreme Court to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
C. 156. With the exception of the notes on McKenzie, Price, Hugh Montgomery, Thomas J. Wright, and some few others, the claims assigned were under fifty dollars, and, in- deed, by far the greater portion of them under twenty dol- lars ; and as the answer of McKenzie admits, that the debtors generally were residents of the district in which he resided, we think that by the exercise of ordinary diligence on his part, most of the available debts could have been realized within a year after the acc...eptance of the trust. There would, undoubtedly, be cases in which this result could not be accomplished ; but in the absence of any special cause, we see no good reason for allowing a longer period to collect from debtors who were solvent, and whose debts were due at the execution of the assignment, or on the first of January thereafter, as the accounts generally were.
The assignment requires the trustees to apply the proceeds of the claims, &c. , assigned, to the payment of the debts of Royall, in equal proportions ; but the record shows, that every creditor of Royall, whose debts, so far as we can learn, were a charge upon the trust fund, accepted the provisions of the assignment shortly after its execution ; so that there was no necessity for McKenzie to retain the moneys in his hands, in order to ascertain these debts, after the expiration of the year.
What to read after Report of Cases Argued And Determined in the Supreme Court of Alabama volume 25?
You can find similar books in the "Read Also" column, or choose other free books by Alabama Supreme Court to read onlineMoreLess
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