Redhead, Wellslager & Co. v. Pratt
Supreme Court of Iowa
Appeal from Buena Vista Gireuit Court. This is an action in equity, and involves the question as to the validity of the sale of a stock of drugs made by the defendants Pratt & Barney to the defendants Rae & Hunter. There was a decree finding that the sale was void for fraud as to the plaintiffs, who are creditors of Pratt & Barney.
1Opinion of the CourtRothrock, J.
Pratt & Barney were for some time in the drug business at Sioux Rapids. On the 9th day of July, 1885, they executed a chattel mortgage upon their stock of merchandise to the Storm Lake Bank, to secure the payment of $827. On the 10th day of July, 1885, they executed a chattel mortgage upon their stock to D. D. Brooks & Son, to secure the payment of $190, and another chattel mortgage upon the same property to Sarah Scott, to secure the payment of $125; and on the same day they sold their entire stock to Rae & Hunter for the sum of $600, subject to the said mortgages. Within a few days…
2Cases cited2 opinions
- Jones v. HetheringtonSupreme Court of Iowa · 1877
- Zimmerman v. HeinrichsSupreme Court of Iowa · 1876
3Cited by5 opinions
- Harris v. BrinkSupreme Court of Iowa · 1896
- McNally v. Emmetsburg National BankSupreme Court of Iowa · 1923
- Knabe v. KirchnerSupreme Court of Iowa · 1940
- Gamet & Ogden v. SimmonsSupreme Court of Iowa · 1897
- Flood v. BollmeierSupreme Court of Iowa · 1913