Towne v. Grover
Towne v. Grover
Opinion of the Court
The plaintiff shows a fair ground of action, having parted with his property on the faith of the defendant’s promise. We think the promise is not within the statute of frauds.
The second objection made by the defendant is not sustained. We see no reason why a debtor of an insolvent person may not give a creditor of such person an opportunity to secure himself. The property of the insolvent person is applied to the payment of his own debt. There is no illegality or impropriety in such a transaction : not more than in the law itself, whi:-. allows a preference among creditors.
Judgment on the verdict.
See Chitty on Contr. (4th Am. ed.) 405 et seq.
Reference
- Full Case Name
- Solomon Towne versus Nathaniel Grover
- Status
- Published