Reports of Cases Determined in the Supreme Court of the State of Missouri Volume 154

Reports of Cases Determined in the Supreme Court of the State of Missouri Volume 154

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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. 1900 edition. Excerpt: ...for benefit of creditors, reserving his homestead on which there was a mortgage of $4,200. This he afterwards sold to his brother for $800 subject to the lien, at a time when his general creditors had no claim thereon, and his brother, who had been befriended by his family, made a present to the wife of the equity of redemption, vesting the title in her, subject to the lien. Her friends and her father's friends proposed to indorse for her so she could buy a drug store, but with the understanding that the husband, an experienced pharmacist, would manage the business. This was done, she furnished $200 of her own, and she, her husband and her friends borrowed $1,000, the store was bought for $1,200, became a prosperous business, and in eighteen months the note had been paid out of the business. Then she sent her husband to a medical college for twci years, and when he graduated gave him $800 for ofiice furniture, etc., and thereafter he made about $1,500 per year, and supported the family. She inherited $2,400 from her father's estate and with this money and other money derived from the store, she built a house on the homestead lots at a cost of $3,200, rented it for $36-' per month, she and her family occupying the old house on the homestead lots. Held, that this suit to set aside the conveyance to the wife by the brother, on the ground that it was a part of the fraudulent scheme to defraud the husband's creditors, can not prevail. Held, -also that it was immaterial, for the purpose of this suit, whether or not her signature to the $1,000 note would bind her in law, as she thought it would and at the first refused to sign the note because she felt it would hazard her own property..; wIrE's BUSINESS: HUSBAND AS...
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Product details

  • Paperback | 268 pages
  • 189 x 246 x 14mm | 485g
  • English
  • Illustrations, black and white
  • 123695453X
  • 9781236954534