Ehnes v. Monroe Loan Society

We concur in the result reached by the learned vice-chancellor, and for the most part, in his reasoning.

In his conclusions the paper of July 8th, 1935, is called “a formal contract for the purchase of certain accounts,” &c. The language seems to indicate an executory contract, but in fact and law the instrument is an executed contract, just as a deed is an executed contract. It is in form a bill of sale, presently conveying, assigning, and transferring the accounts mentioned in the attached and incorporated schedules, with special covenants (a) of legal existence of defendant as a…