Burnham, Hanna, Munger & Co. v. McCornick
Utah Supreme Court
As showing what evidence is sufficient to establish insolvency. Truckhoe v. Baker, 25 Atl. Rep. 402, 49 N. J. Eq. 581; Money v. Millikemn, 30 Atl.
Read the full summary
As showing what evidence is sufficient to establish insolvency. Truckhoe v. Baker, 25 Atl. Rep. 402, 49 N. J. Eq. 581; Money v. Millikemn, 30 Atl. Rep. 102, 86 Me. 464; Clark v. Mott, 33 Pac. 884; In re Ramazzini, 42 Pac. 970, 110 Cal. 488; In re Bissel, 58 N. W. 828, 57 Minn. 78; Laughlan v. Lander, 26 S. W. 255. The cash market value of an article having a market value is usually the test of its value Walley v. The Deseret National Bank, 47 Pac. 152. Market value is a price established by public sales in the ordinary way of business. Murray v. Station, 99 Mass. 348; Meixell v. Kirkpatrick,…
1Opinion of the Court
Bartch, J.:
The plaintiffs, creditors of the defendant Salt Lake Equitable Co-operative Institution, a corporation, brought this action to set aside an assignment of insurance policies, made by that institution to defendant McCornick, a banker, in liquidation of a debt which, the respondents claim it owed McCornick. The court, upon hearing the case, entered judgment of dismissal of the action, and thereupon this appeal was prosecuted.
The appellants appear to maintain that the assignment was illegal and void, because one Langton, the president and manager of the Co-operative Institution, had…
2Cases cited3 opinions
- W. P. Noble Mercantile Co. v. Mount Pleasant Equitable Co-operative InstitutionUtah Supreme Court · 1895
- Singer v. Salt Lake Copper Mn'f'g Co.Utah Supreme Court · 1898
- Weyeth Hardware & Manufacturing Co. v. James-Spencer-Bateman Co.Utah Supreme Court · 1897
3Cited by4 opinions
- Passow & Sons v. WetherbeeUtah Supreme Court · 1917
- City National Bank v. Goshen Woolen Mills Co.Indiana Court of Appeals · 1903
- Callahan v. Pioneer Nurseries Co.Utah Supreme Court · 1917
- Nappanee Canning Co. v. Reid, Murdoch & Co.Indiana Supreme Court · 1902