4 N.Y.S. 166 | N.Y. Sup. Ct. | 1889
La Belle Glass Company was a corporation created under the laws of Ohio, having its office and immediate place of business at Bridgeport, Belmont county, in that state. The company sold goods upon credit to various persons and firms doing business in the city of Hew York, and, while these persons were indebted to it, the company made a voluntary general assignment of all its property to the plaintiff in trust to proceed according to the statutes of Ohio applicable thereto in the collection and distribution of the corpus of the trust. The defendant was, and still is. a resident of Pennsylvania; having in this city, however, a place for the transaction of business in person. He received notice of the assignment, and on or about April 11th made an affidavit, with a proof of his claim as a creditor of the company, and delivered it to the assignee. He subsequently, and on or about the 2lst of April, 1888, brought an action against the company upon a claim in the city court of this city, and obtained a warrant of attachment against the property of the company, which was duly issued to the sheriff of this county, and by him was duly served upon each of the debtors of the company, and a levy made upon the several claims assigned. It also appears that the defendant obtained judgment against the company, issued an execution against the attached property, and that the judgment remains unsatisfied.
The controversy between the parties is as to whether, at the time of the levy.of the attachment upon the claims mentioned, they had been effectually transferred to the plaintiff, and were therefore not subject to levy under the attachment. Whatever may be the legal status of the other creditors who have not availed themselves in any mode of the assignment or the benefits to be derived therefrom, the defendant, by delivering proof of his claim to the assignee, has in law accepted the instrument, and barred himself from disputing the validity of it, or from taking any action for defeating its purpose as a transfer of all the property of the assignor. Cavanagh v. Morrow, 67 How. Pr. 241; Rapalee v. Stewart, 27 N Y. 311. And this perhaps is a sufficient answer to his asserted claim, but it is not necessary to rest his defeat wholly upon that doctrine.