Sargent v. Wood
Supreme Court of Vermont
Trustee Process. It appeared from the disclosures of the trustees that on September 30, 1876, the trustee Pierce gave to the defendant his promissory note of that date for $500, payable to the defendant, or order, on or before April 1, 1877, with interest after that date.
Read the full summary
Trustee Process. It appeared from the disclosures of the trustees that on September 30, 1876, the trustee Pierce gave to the defendant his promissory note of that date for $500, payable to the defendant, or order, on or before April 1, 1877, with interest after that date. By contract of the same date said note was made subject to a deduction of $58.42 at maturity, and Pierce claimed that by another stipulation of the contract the note was subject to a still further deduction of $22, and no question was made but that that further sum should be allowed, if Pierce was to be held- as trustee. At…
1Opinion of the Court
. The opinion of the court was delivered by
Ross, J.
Prom the trustees’ disclosures it appears that the trustee Pierce, September, 30,1876, gave his promissory note to defendant Wood for $500, payable to Wood, or order, on or before April 1, 1877, with interest after that date. This note, by a contract of the same date between Wood and Pierce, was subject to a deduction of $58.42 as of April 1, 1877, leaving due on it at maturity $441.58. Pierce also claims a further deduction growing out of another stipulation of the same contract of $22. No *600question is made but that this sum should be allowed…
2Cases cited5 opinions
- D. Fay & Co. v. SmithSupreme Court of Vermont · 1853
- Downer v. TarbellSupreme Court of Vermont · 1859
- Perrin v. RussellSupreme Court of Vermont · 1860
- Hall v. BowkerSupreme Court of Vermont · 1871
- National Bank v. WebsterSupreme Court of Vermont · 1874
3Cited by1 opinion
- Shurtleff v. Norcross & TrusteeSupreme Court of Vermont · 1921