Hapgood v. Cornwell

Amory Bigelow, Gilbert F. Bigelow, and David Burr, were partners in business in Chicago. Hapgood, the appellant, as trustee for Amory Bigelow’s wife, had loaned to him a considerable sum of money, which had come to her from her grandfather. Fearing that the money was in peril, he urged Bigelow to secure it, and suggested to him to buy out his partners and turn over to him the stock. Bigelow did this, whereupon the appellees, who were creditors of the firm, and had obtained a judgment, brought a bill in chancery against Hap-good and the members of the firm, and the court decreed the payment of…