The Law of Bankruptcy, Insolvency, and Mercantile Sequestration, in Scotland Book PDF, ePub eBook

Join our eBook service for unlimited books & audiobooks. Get a free 7 day subscription! ↓↓↓↓↓


Book Descriptions:
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1845 edition. Excerpt: ... ditor has only got a dividend, pursue him for the full counter debt. Baillie v. Young, 22d Dec. 1837, 16 S. 294. This was a very peculiar case. The bankrupt had been discharged on a composition contract. Having paid a composition on certain bills, he obtained decree for a debt in an action against the person standing in right to them, the cause of action having arisen before the sequestration. It was on these facts found by verdict of a jury, that the bankrupt's discharge was fraudulently obtained, and it was reduced quoad the interest of this particular creditor. The result was, that compensation being allowed to act, tho bankrupt was found to be still debtor in the excess of the claim against him over that for which he had obtained decree against the creditor, deducting the amount of the composition. When there is a concurrence of debts before bankruptcy, it is essential to the principle of compensation, that neither the creditors at large, nor the bankrupt himself should be entitled to exact full payment and give only a dividend in return. sect. 2. retention of money. Retention distinguished from Compensation and Lien.--The proper foundation of the law of compensation is, not that the party pleading it has a security for payment of his debt, or is in possession of a fund out of which he may pay himself, but that by the concourse of debt and credit both debts are paid and extinguished. It is hence a necessary element in the operation of compensation, that both the debts should be liquid at the time when the compensation exists. But there are circumstances in which a person may retain money he is due to another in security for a liability of that other person not yet liquid and exigible; and as this cannot proceed on the principle of a...

The Law of Bankruptcy, Insolvency, and Mercantile Sequestration, in Scotland by John Hill Burton

From reader reviews:

Jeffrey Primo:

Do you have favorite book? If you have, what is your favorite's book? E-book is very important thing for us to understand everything in the world. Each guide has different aim or maybe goal; it means that e-book has different type. Some people feel enjoy to spend their time for you to read a book. They may be reading whatever they acquire because their hobby is actually reading a book. What about the person who don't like examining a book? Sometime, man or woman feel need book when they found difficult problem or maybe exercise. Well, probably you should have this The Law of Bankruptcy, Insolvency, and Mercantile Sequestration, in Scotland.

Sandra Bryson:

In other case, little men and women like to read book The Law of Bankruptcy, Insolvency, and Mercantile Sequestration, in Scotland. You can choose the best book if you love reading a book. As long as we know about how is important a new book The Law of Bankruptcy, Insolvency, and Mercantile Sequestration, in Scotland. You can add knowledge and of course you can around the world by just a book. Absolutely right, mainly because from book you can recognize everything! From your country till foreign or abroad you will find yourself known. About simple matter until wonderful thing you are able to know that. In this era, we are able to open a book or searching by internet system. It is called e-book. You may use it when you feel fed up to go to the library. Let's read.

Lisa Potter:

The book untitled The Law of Bankruptcy, Insolvency, and Mercantile Sequestration, in Scotland contain a lot of information on the idea. The writer explains the woman idea with easy means. The language is very straightforward all the people, so do not really worry, you can easy to read it. The book was authored by famous author. The author gives you in the new era of literary works. You can easily read this book because you can please read on your smart phone, or gadget, so you can read the book in anywhere and anytime. If you want to buy the e-book, you can start their official web-site and order it. Have a nice go through.

Abigail Shelton:

In this era which is the greater individual or who has ability in doing something more are more important than other. Do you want to become considered one of it? It is just simple method to have that. What you have to do is just spending your time almost no but quite enough to experience a look at some books. One of the books in the top checklist in your reading list is definitely The Law of Bankruptcy, Insolvency, and Mercantile Sequestration, in Scotland. This book and that is qualified as The Hungry Inclines can get you closer in turning into precious person. By looking way up and review this reserve you can get many advantages.