Colt v. Sears Commercial Co.

The complainant’s counsel insists that, under the decision of this court in Hamilton v. Colt, 14 R. I. 209, the transaction whereby the Sears Commercial Company obtained security for its claim against the National Eubber Company was absolutely void. He assumes, and claims that he has the right to assume, that this court in that case deliberately repudiated the doctrine of Snow v. Long, 2 Allen, 18, and of like cases, as applicable to our statute, and knowingly and intentionally gave to the word “void,” in our act, its full primary meaning and force. Such an assumption is quite unwarranted. In…