10 Vt. 234 | Vt. | 1838
The facts in this case are stated in the opinion oí the court, delivered by
This was an action of account, against the defendant, as bailiff and receiver of the plaintiffs jointly. A judgment to account was rendered in the county court, and an auditor was appointed. ' From the auditor’s report, the following facts appeared ; — That in 1827, the plaintiffs were copartners, as tanners and curriers; that each of the plaintiffs was indebted to the defendant, and both jointly and severally indebted to others, and were in possession of leather and stock in the progress of manufacture, and demands against different persons. A part of this property had been attached by their creditors.
On the 15th day of Dec. 1827, the plaintiffs executed the following indenture ;
“ Know all men by these presents, that the undersigned, “ Oliver Allen and Warren Drinwater, hereby agree to dissolve “ all connection and copartnership in business that may here- “ tofore have existed between them, the said Oliver and War- “ ren, and the said Warren releases and transfers to the said “ Oliver, all his right and title to all the partnership property “ of whatsoever description, and to all accounts and debts “ due them. And the said Oliver covenants and agrees with “ the said Warren, faithfully to account for all the partner- “ ship property, and to pay all the partnership debts, as far “ as funds can be raised from said property to pay said debts, “ and should any- surplus remain, after paying said partner- “ ship debts, and the amount paid by each of the said Oliver “ and Warren, to pay one half of said surplus to the said “ Warren ; and the said Oliver further agrees to pay a cev- “ tain note for one hundred and twenty-five dollars, given by i: the said Warren to John Swett of Boston, for one hundred “ hides, included in the above transfer.”
“ I hereby assign to R. R. Thrall, all my right, title, inte- “ rest, claim or deoaand, to all the property in the firm of “ Allen & Drinwater, and all the debts due said firm, and “ fully authorize and empower the said Thrall to take the “ said property and debts into his possession, and collect the “ debts, and convert the property into cash as expeditiously “ as practicable, and first to. pay the said Thrall the full “ amount of His claims against me, and also to pay the amount “ of John Swett’s demand against me, and when the afore- “ said claims are fully paid and cancelled, then the said Thrall “is to restore the residue of said property and debts to me,”
On the 2d day of May, 1828, Allen executed to the defendant the following assignment;
“ I hereby assign to R. R. Thrall, all my right, title, inte- “ rest, claim o.r demand, to all the property in the late firm “ of Allen & Drinwater, and all the debts due the said firm, “ and fully authorize and empower- the said Thrall to take “ the said property and debts into his possession, and collect “ the debts, and convert the property into cash as expedi- “ tiously as practicable, and first to pay the said Thrall the “ full amount of his claims against me, and also the full “ amount of his claims against the firm of Allen & Drinwa- “ ter, and when the aforesaid claims are fully paid and can- “ celled, the said Thrall is to restore the residue of said pro- “ perty and debts to me.’
The auditor allowed against the defendant the money he received from the property, and on the debts taken as aforesaid, and rejected the demands which the defendant held against the said Allen, and also those he held-against Drinwater, and found a balance against the defendant. Which report was accepted by the county court, and judgment rendered thereon against the defendant, to which there were exceptions, whereon the cause passed to this court.
By the indenture -of Dec. 15, 1827, the copartnership of the plaintiffs ceased, and all the property was assigned to Allen. In Jan. 3, 1828, Drinwater assigned all his interest to the defendant, to pay his (Drinwater’s) debts to the de:' fendant. This vested in the defendant the interest which Drinwater then had; that is, the right to call on Allen for an
Judgment reversed. — Report rejected.