Wallace v. Cumming
Wallace v. Cumming
Opinion of the Court
The plaintiffs sue on a note and an account. The defense is, that being in failing circumstances, the defendants called a • meeting of their creditors, and with the assent of said creditors, assigned to them all the property and assets of said defendants, which were sold and collected and the proceeds thereof were distributed pro rata among the creditors, and that the agreement was that such assignment should fully release defendants from all their liabilities. The plaintiffs rely upon the fact that they did not sign the agreement.
The plaintiffs ought not to be permitted to enjoy the benefit of a compromise and at the same time repudiate its obligations.
It is ordered that the judgment of the lower court be affirmed, with costs of appeal.
Reference
- Full Case Name
- Wallace & Co. v. Cumming & Morrison
- Status
- Published