Lockwood v. Canfield
California Supreme Court
Appeal from the Twelfth District. Taylor & Wadsworth being in failing circumstances, executed to the defendants, to whom they were indebted in about the sum of $4,000, an assignment of certain accounts. The assignment attached to a schedule of the accounts is in these words : “ Know all men by these presents, that we, Thos.
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Appeal from the Twelfth District. Taylor & Wadsworth being in failing circumstances, executed to the defendants, to whom they were indebted in about the sum of $4,000, an assignment of certain accounts. The assignment attached to a schedule of the accounts is in these words : “ Know all men by these presents, that we, Thos. L. Taylor and H. W. Wads-worth, late partners, doing business under the name of Taylor & Wadsworth, of the city of Marysville, county of Yuba, for and in consideration of the sum of $4,000 received of Canfield, Pierson & Co., of the city of San Francisco, the receipt of…
1Opinion of the CourtCope, J.
Taylor & Wadsworth, merchants, etc., being indebted in various sums to different persons, assigned to the defendants certain ac*129counts, to be collected by them and the amount applied in payment of that indebtedness. The plaintiffs and defendants were among the persons for whose benefit the assignment was made; but it was agreed that the plaintiffs and one Hayden should be preferred in the order of payment, and the defendants admit that a sufficient amount has been received to pay their claims. On its face, the assignment is absolute and unconditional, and its object was shown aliunde, by the…
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- Sawyer v. Sunset Mutual Life InsuranceCalifornia Supreme Court · 1937
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