Warrick v. Liddon

FOSTER, Justice.

This is a suit in equity to enjoin the negotiation of negotiable warehouse receipts for cotton, and to subject the cotton to the payment of a judgment in favor of complainant against the owner of the cotton. The cotton is claimed by Dean & Moore, who made a contract of purchase prior to the issuance of the injunction.

The material inquiry is whether such contract fixed a date on which to value the equity of redemption in the cotton so as to be exempt, and beyond the reach of complainant to satisfy his judgment, and whether the amount of the purchase price so agreed on was…