Egerton v. Their Creditors

A piece of ground surrendered by the insolvents, was divided into eleven lots by order of the syndic, and offered for sale for $ 1800 cash on each lot, and the balance at six, twelve, eighteen, and twenty-four months. On these terms, which were those fixed by the creditors at their meeting, Sami. C. Ogden, George B. Ogden, and Edward Yorke became the purchasers of all the lots for forty thousand and fifty dollars, a sum exceeding .the two-thirds of the appraisement which the syndic had thought proper to have made before the sale. As this property had been purchased by Egerton, subject to an…