Selections From Leake's Elements of the Law of Contracts And Finch's Cases On Contracts, Arranged As a Textbook for Law Students
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In our eReader you can find the full English version of the book. Read Selections From Leake's Elements of the Law of Contracts And Finch's Cases On Contracts, Arranged As a Textbook for Law Students 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 Selections From Leake's Elements of the Law of Contracts And Finch's Cases On Contracts, Arranged As a Textbook for Law Students
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by, 4 Esp. 220.
Digitized by Microsoft® SECT. VII. PAYMENT. 943 Lord Hardwicke held it not to be a discharge in equity, because the assignees are joint trustees (a). Where money has been deposited in a bank on a joint account, the banker is not discharged by payment to one of the depositors, without the authority of the others (b) ; but after such payment to one, an action could not be maintained against the banker by all the depositors jointly, because the one who had received the money would ...be disqualified from suing ; the bankers, however, might be proceeded against in equity as trustees for all the depositors, and would be liable for the breach of their trust (c).
Payment by one of joint debtors. — Where several debtors are liable in respect of the same debt, whether jointly or severally, pay- ment of the debt by one discharges all (d) ; thus payment by one of joint makers of a promissory note discharges the other joint makers (e). Where the creditor sued one of two joint debtors and, upon pay- ment of a part of the debt by him, stayed proceedings in that action, it was held that the creditor might nevertheless sue the other joint debtor for the residue of the debt (/).
What to read after Selections From Leake's Elements of the Law of Contracts And Finch's Cases On Contracts, Arranged As a Textbook for Law Students?
You can find similar books in the "Read Also" column, or choose other free books by Finch, Gerard B. (Gerard Brown), 1835-1913. Selection of Cases On the English Law of Contract to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
by, 4 Esp. 220.
Digitized by Microsoft® SECT. VII. PAYMENT. 943 Lord Hardwicke held it not to be a discharge in equity, because the assignees are joint trustees (a). Where money has been deposited in a bank on a joint account, the banker is not discharged by payment to one of the depositors, without the authority of the others (b) ; but after such payment to one, an action could not be maintained against the banker by all the depositors jointly, because the one who had received the money would ...be disqualified from suing ; the bankers, however, might be proceeded against in equity as trustees for all the depositors, and would be liable for the breach of their trust (c).
Payment by one of joint debtors. — Where several debtors are liable in respect of the same debt, whether jointly or severally, pay- ment of the debt by one discharges all (d) ; thus payment by one of joint makers of a promissory note discharges the other joint makers (e). Where the creditor sued one of two joint debtors and, upon pay- ment of a part of the debt by him, stayed proceedings in that action, it was held that the creditor might nevertheless sue the other joint debtor for the residue of the debt (/).
What to read after Selections From Leake's Elements of the Law of Contracts And Finch's Cases On Contracts, Arranged As a Textbook for Law Students?
You can find similar books in the "Read Also" column, or choose other free books by Finch, Gerard B. (Gerard Brown), 1835-1913. Selection of Cases On the English Law of Contract to read onlineMoreLess
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