The opinion of the Court was drawn up by
The only question presented to the Court in th>s case is, whether the trustees, or any of them, are chargeable on their answers. As respects the liability of Bishop, the assignee of Clisby, under a trust assignment disclosed in his answer, the question was decided, in the case of Gore v. Clisby Tr. 8 Pick. 555, which was a decision upon the liability of the same trustee, upon the same facts.
In regard to the merchandise, which was sold previously to the service of the trustee process, the Court are clearly of opinion, that they cannot be charged. Had there been no assignment, there seems no ground upon which they could be charged. The rum was sold and the property changed, and it was no longer in their possession or under their control. They were not the debtors of the principal. It is true they, guarantied the solvency of the purchasers, and agreed to pay in case they did not. This undertaking, however, was collateral and contingent ; the purchasers were the debtors of the principal, till -the expiration of the credit, and the obligation of the trustees depended upon the contingency of their failure.
In regard to the merchandise remaining unsold in the hands of the supposed trustees, this was, no doubt, goods deposited with them within the meaning of the statute, and liable to be reached by the trustee process, if it was not included in the assignment to Bishop. Whether that property was so included, is one of the principal questions, which has been
See Sanford v. Bliss, post, 116; Guild v. Holbrook, 11 Pick. 161.
See Guild v. Holbrook, 11 Pick. 101; Hopkins v. Ray, 1 MetC. 79; Meacham v. Me Corbitt, 2 Metc. 352; Wheeler v. Bowen, 20 Pick. 563; Holbrook v Waters, 19 Pick. 355; Stone v. Hodges, 14 Pick. 81; Taber v. Nje, post, 105 Faulkner v. Waters, 11 Pick. 473.
