Young v. Gilly
Young v. Gilly
Opinion of the Court
delivered the opinion of the court. The defendant is sued as surviving partner of the house of of James Pryor & co. The jus
The district court gave judgment in favor of the petitioner for the amount claimed, with interest from judicial demand and costs of suit, but directed the execution to be suspended, until the respite should have expired. The plaintiff appealed.
The record in the case of the defendant vs. his creditors, praying for this respite, does not come up, but there is among the documents filed, the following agreement, signed by the counsel in this cause.
The original petition was filed on the 19th of May 1824.
The petition did not contain the name of a single creditor. A stay of proceedings was ordered the same day and the creditors ordered to meet on the 23d of June.
On the 19th of June a supplemental petition was filed, containing the names of the creditors, and a statement of the amount due to each.
The amount of debts due by Gilly was $31,860 73, and due to 88 different persons.
The creditors who met, were sixteen in
Our code declares that the forced respite takes place when all the creditors do not agree, for then the opinion of three-fourths in number and amount, binds the rest. Civ. Code 433, art. 3.
In this case the creditors were eighty-eight; and the debts above $31,000. Those who acceded to the respite were sixteen, whose whole claims did not reach $5000. So there was not three-fourths in number and amount, nor in either.
We presume the court below, in holding this respite to be binding on the plaintiff, must base proceeded on the idea that none could be considered creditors, but they who were present, and proved on oath the justice of their claims. This question was brought before us a few days since in the case of Soulie vs. Dauphin, ante 446, we gave it then a good deal of attention, and an application for a rehearing, has required us to consider it again. In support of the application it is urged, our code provides "that the creditors called on
This argument assumes, that all who fail to attend are not creditors, a conclusion which the premises by no means warrant. The clause in the code was evidently intended as an additional protection to the creditor who was absent, or in the minority; and not to weaken the right which the previous provision had conferred on him. The third article says, that in order to bind those who refuse to consent, three-fourths of the creditors, in number and amount, must agree to the respite. The fifth provides, that creditors who have not taken an oath of the truth of their demands, cannot be considered as making a part of those who possess three-fourths of the debts. That is, as we understand the law, that it is not suffi
It is therefore ordered, adjudged and decreed, that the judgment of the district court be annulled, avoided and reversed; and it is further ordered, adjudged and decreed, that the plaintiff do recover of the defendant, the sum of $742 58, with interest from judicial demand, and costs in both courts.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.