The Wells-Stone Mercantile Co. v. Grover
North Dakota Supreme Court
Appeal from District Court, Cass County; Pollock, J. Action by the Wells-Stone Mercantile Company against G. A. Grover and others. Judgment for defendants, and plaintiff appeals.
1Opinion of the Court
Mercantile Trusts — Liability of Beneficiaries and Trustee for GoodsSold.
An insolvent debtor made a deed of trust, in which his creditors joined. By the terms of the deed, the trustee was to continue the business of the debtor as long as he should deem it for the interests of the creditors so to do. The entire management and control of the business were intrusted to him. Whenever the trustee deemed it best to discontinue the business, the property was to be sold, and the claims of all the creditors signing the deed were to be paid from the proceeds; the surplus, if any, to go to the debtor.…
2Cases cited27 opinions
- Austin v. . MunroNew York Court of Appeals · 1872
- New v. . NicollNew York Court of Appeals · 1878
- Hewitt v. PhelpsSupreme Court of the United States · 1882
- Clopton v. GholsonMississippi Supreme Court · 1876
- Mayo v. MoritzMassachusetts Supreme Judicial Court · 1890
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3Cited by15 opinions
- Schumann-Heink v. FolsomIllinois Supreme Court · 1927
- Goldwater v. OltmanCalifornia Supreme Court · 1930
- Home Lumber Co. v. HopkinsSupreme Court of Kansas · 1920
- Hamilton v. YoungSupreme Court of Kansas · 1924
- Cullinan v. Mercantile Trust Co.California Court of Appeal · 1926
10 more not listed; retrieve them via the Exa API.