Snell v. Ives
Illinois Supreme Court
Snell v. Ives, 85 Ill. 279 (Ill. 1877)
Dickey
Snell v. Ives
Opinion of the Court
delivered the opinion of the Court:
The charge of fraud, made by appellants, is not sustained by the proof. The weight of the evidence leads to the belief that the Lafayette, Bloomington and Mississippi Railroad Company was indebted to appellee. It was also indebted to divers other creditors. Appellants seem, from the proofs, to have made an agreement with the railroad company, by which they bought all the property and credits of the corporation, and assumed to pay all its debts. The evidence fully sustains the verdict, and we find no good reason for disturbing the judgment.
The judgment of the court below is affirmed.
Judgment affirmed.
Reference
- Full Case Name
- Thomas Snell v. Almond B. Ives, use, etc.
- Cited By
- 13 cases
- Status
- Published
- Syllabus
- Action—on undertaking of third person. If a person makes an agreement with a railway company by which he buys all its property and credits, and assumes to pay all its debts, a creditor of the corporation may recover his debt of such party.