Silver & Goldstein v. Chapman

1. Where an insolvent mercantile firm, composed of two members, agreed with a creditor to sell and assign to the latter, and did actually in writing assign and transfer all the right, title, and interest which they might have to any property or funds claimed by them as homestead exemptions in bankruptcy proceedings, in payment of a preexisting debt, and the creditor agreed that he would attend the bankrupt sale of the stock of goods of the debtors and buy in the same if it was sold at a reasonable price, and after purchasing it turn it over to the debtors making the assignment,- — that is, to…