Ledwidge v. Arkansas National Bank
Supreme Court of Arkansas
Appeal from-Grarland Chancery Court; J. P. Henderson, Chancellor; 1. Appellant compromised his indebtedness with the bank and paid $2,250 in full satisfaction of all its claims and demands, and the bank accepted it in full payment and issued its receipt. If a mistake was made, this would not affect the composition and settlement. Appellant offered to correct the mistake, if made.
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Appeal from-Grarland Chancery Court; J. P. Henderson, Chancellor; 1. Appellant compromised his indebtedness with the bank and paid $2,250 in full satisfaction of all its claims and demands, and the bank accepted it in full payment and issued its receipt. If a mistake was made, this would not affect the composition and settlement. Appellant offered to correct the mistake, if made. The appellees’ claim was satisfied. 85 Ark. 439; 89 Id. 385. 2. An accord was made and agreed to and a tender of satisfaction made. If a mistake was made it only fixed appellants’ liability for the amount of the…
1Opinion of the CourtSmith, J.
The Arkansas National Bank sued C. J. Ledwidge and Maude Anna Ledwidge, his wife, and for cause of action alleged that C. J. Ledwidge was indebted to it in the sums of $2,250 and $225 and while so indebted had made a voluntary conveyance to his wife of an undertaking business which he owned in the city of Hot Springs, and which said conveyance rendered him insolvent. An amendment to the complaint ■ was filed which alleged the sale was made in violation of the Bulk Sales Law of this State, in that the notice there required was not given to creditors. The answer denied these allegations and set…
2Cases cited4 opinions
- Stuart v. Elk Horn Bank & Trust Co.Supreme Court of Arkansas · 1916
- St. Louis Southwestern Railway Co. v. MitchellSupreme Court of Arkansas · 1914
- Whipple v. BakerSupreme Court of Arkansas · 1908
- Hill-Ingham Lumber Co. v. NealSupreme Court of Arkansas · 1909
3Cited by7 opinions
- Martin v. State Ex Rel. Saline CountySupreme Court of Arkansas · 1926
- Lyle v. Federal Union Insurance Co.Supreme Court of Arkansas · 1944
- Swinton v. CuffmanSupreme Court of Arkansas · 1919
- Hagan-Ratcliff & Co. v. BlakeWest Virginia Supreme Court · 1930
- Gardner v. Goodner Wholesale Grocery Co.Court of Appeals of Texas · 1922
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