The Federal Reporter: With Key-Number Annotations ..., volume 34
The Federal Reporter: With Key-Number Annotations ..., volume 34
United States. Circuit Courts, United States. District Courts, District of Columbia. Court of Appeals, United States. Circuit Court of Appeals, United States. Commerce Court
What reading level is The Federal Reporter: With Key-Number Annotations ..., volume 34 book?
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.
You can download books for free in various formats, such as epub, pdf, azw, mobi, txt and others on book networks site. Additionally, the entire text is available for online reading through our e-reader. Our site is not responsible for the performance of third-party products (sites).
User Reviews: