Syndics of Ellinghaus v. Gravier
Syndics of Ellinghaus v. Gravier
Opinion of the Court
In the year 1809, Ellinghaus and Remy, who had been in a general partnership, finding themselves in failing circumstances, called a meeting of their creditors, and entered with them into an amicable arrangement, the principal clause of which was that they should, in the presence and with the consent of the syndics of theif creditors, expose for sale so much of their property as would be sufficient to pay all their debts. The terms of sale were to be six and twelve months, and the proceeds were to be paid into the hands of the syndics. In the mean time, the debts were to bear an interest of ten per cent, from the time they liad respectively become due.
"^iTtjouT taking into consideration the multi-, plicity of incidents, which have swelled the record of this case to its present enormous bulk, and particularly the different sales and transfers by which; Remy and his agents have éndeavoured to put the property in contest out of the reach of his creditors, there can be no doubt that a sale, made under the circumstances in which Remy was placed, is void*
Let the judgment of the District Court be ¿{firmed with costs.
Reference
- Full Case Name
- SYNDICS OF ELLINGHAUS & AL. v. GRAVIER
- Status
- Published