Stoddart ex rel. Assignees v. Allen
Supreme Court of Pennsylvania
Case for the opinion of the court, as follows:— “ John Stoddart, and Moore, Myers,, and Co., were merchants, and had considerable dealings together, in the course of which, they lent and endorsed notes for each other, to a large amount.
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Case for the opinion of the court, as follows:— “ John Stoddart, and Moore, Myers,, and Co., were merchants, and had considerable dealings together, in the course of which, they lent and endorsed notes for each other, to a large amount. “ On the 21st February, 1820, John Stoddart made a general assignment to Thomas Fletcher, for the benefit of his creditors; and on the 25th of the same month, he executed another assignment of the same nature to the same person and Jacob Butz, (prout assignment,) without stipulating for a release. “ On the 7th of March, 1820, Moore, Myers, and Co. executed an…
1Opinion of the Court
The opinion of the court was delivered by
Smith, J.
It appears, from the case submitted to this court for their opinion, that John Stoddart, and the firm of Moore, Myers, and Company, had considerable dealings together, and that they were desirous of mutual accommodation, which was afforded by lending to, and endorsing notes for each other, and which proved, as is often the ease, ruinous to both parties. Hence, it became necessary for them to execute assignments for the benefit of their creditors. The former, on the 21st day of February, 1820, made a general assignment to Thomas Fletcher, and…
2Cited by5 opinions
- Jerman v. TenneasSupreme Court of Louisiana · 1892
- Succession of de RoffignacSupreme Court of Louisiana · 1869
- Henderson v. MaxwellSupreme Court of Louisiana · 1870
- Wood's EstateSupreme Court of Pennsylvania · 1915
- Sittler v. GrimesLouisiana Court of Appeal · 1906