William & Mary College v. Powell
Supreme Court of Virginia
^Thomas J. Powell being- indebted to William and Mary college, he executed his bond, bearing date the 25th day of April 1836, with George N. Powell as his surety, to the college, for one thousand five hundred dollars, payable on demand: And on the same day he executed a deed by which he conveyed to Hdmund Christian, who was the bursar of the college, a tract of land in the county of King William, described as containing three hundred and ninety acres, in trust to secure the…
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^Thomas J. Powell being- indebted to William and Mary college, he executed his bond, bearing date the 25th day of April 1836, with George N. Powell as his surety, to the college, for one thousand five hundred dollars, payable on demand: And on the same day he executed a deed by which he conveyed to Hdmund Christian, who was the bursar of the college, a tract of land in the county of King William, described as containing three hundred and ninety acres, in trust to secure the payment of said debt. One moiety of this land in quantity, and that part of it on which was the dwelling-house, was the…
1Opinion of the Court
.EEE, J.
The settlement of Thomas J. Powell upon his wife of the 1st of January 1839, having been made when he was heavily indebted to the appellants, and as it would seem, insolvent, being of his whole estate except perhaps his interest in the King William land, which was already incumbered beyond its value by the deed of trust of 1836, and being upon a com sideration *not at all adequate in value to the property settled, must be held fraudulent and void as to creditors, except so far as it may be sustained for the purpose of rendering to the estate of Mrs. Powell a just equivalent for any…
2Cases cited5 opinions
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- Quarles v. LacySupreme Court of Virginia · 1814
- Bank of U. S. v. BeirneSupreme Court of Virginia · 1844
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- Johnston v. SlaterSupreme Court of Virginia · 1854
3Cited by37 opinions
- Gatewood v. GatewoodSupreme Court of Virginia · 1881
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- Beecher v. Wilson, Burns & Co.Supreme Court of Virginia · 1888
- Keagy v. TroutSupreme Court of Virginia · 1888
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