Peoples National Bank v. Mulholland
Massachusetts Supreme Judicial Court
Bill in equity, filed in the Superior Court on February 4,1913, to enforce an alleged trust in certain hides and the proceeds thereof named in a trust receipt dated March 22, 1910, and signed “E. F. Mulholland Co.” The trust receipt, of which a copy was annexed to the bill, was .as follows: “Trust Receipt.
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Bill in equity, filed in the Superior Court on February 4,1913, to enforce an alleged trust in certain hides and the proceeds thereof named in a trust receipt dated March 22, 1910, and signed “E. F. Mulholland Co.” The trust receipt, of which a copy was annexed to the bill, was .as follows: “Trust Receipt. Received from the People’s National Bank of Roxbury, the following goods and merchandise, their property, specified in the Bill of Lading per Steamer ‘Maasstroom,’ dated Amsterdam, Mar. 5th, 1910, marked and numbered as follows: ^detailed description] “Ninety-two bales dry hides. “and in…
1Opinion of the CourtPierce, J.
Before the summer of 1911 the defendant Mulholland and one Cornelius J. Coughlin were copartners under the name and style of E. F. Mulholland and Company, and were engaged in the business of importing hides which they either sold in the raw state or had them tanned into leather and then sold. In the summer of 1911 the copartnership was dissolved, and thereafter Coughlin continued the business until his death on September 24, 1911. The defendant Ellen T. Coughlin was appointed *451the administratrix of Ms estate, which has been represented insolvent.
On March 22, 1910, the firm received from one S.…
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