Nott & Co. v. Oakey
Supreme Court of Louisiana
EastebN Dis. AEÍEAE PROM THE COUOrERCIAE COURT OE NEW OREEANS. This is an action on tbe folie enchére, to recover the difference between the first and second bids, made by the defendants on 300 shares of Gas Light Bank Stock. In obedience to an order of the probate court of New Orleans, made in the succession of Wm. Nott, deceased, the Register of Wills adyertised sundry bank stocks for sale.
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EastebN Dis. AEÍEAE PROM THE COUOrERCIAE COURT OE NEW OREEANS. This is an action on tbe folie enchére, to recover the difference between the first and second bids, made by the defendants on 300 shares of Gas Light Bank Stock. In obedience to an order of the probate court of New Orleans, made in the succession of Wm. Nott, deceased, the Register of Wills adyertised sundry bank stocks for sale. The terms published in the auction bills were “six months credit for approved endorsed notes, or payment vñll be received in debts due by the succeesion, or by the firm of Nott & Co The defendants bid…
1Opinion of the CourtMorphy, J.
The plaintiffs seek to recover the difference between the-price at which three hundred shares of the Gas Light Bank Stock were adjudicated to defendants; and that which they brought on a re-sale at public auction, on- their refusal to carry into effect the first adjudication.
The record shows, that at a meeting of the creditors of the succession of Wm. Nott, and of the firm of Wm. Nott & Co.,, it was agreed between them, that this stock, together with divers stocks of other institutions, should be sold at a credit of six months, or payment to be made in debts due by the succession or the firm.…
2Cited by4 opinions
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