History
  • No items yet
midpage
Eldredge Brewing Co. v. Cocheco Bottling Co.
104 A. 453
| N.H. | 1918
|
Check Treatment

The plaintiffs are creditors of the defendants and they contend that the assignment is void as to them because of Laws 1909, c. 69, s. 1. While an assignment like the one in question may be a sale for some purposes (Kenefick v. Perry, 61 N.H. 362; McGreenery v. Murphy, 76 N.H. 338; Clough v. Glines, 77 N.H. 408; Goodrich v. Woodsome, 78 N.H. 488) it is not a sale within the *Page 42 ordinary meaning of that term. This tends to the conclusion that such transactions are not void under the provisions of s. 1. The fact such a transaction tends rather to prevent than to promote the evil at which that section is aimed, — that peculiar to merchants selling their stock in trade in order to defraud their creditors, — also tends to the conclusion that such an assignment is not a sale within the meaning of that term as it is used in this section. In fact all the evidence points to this conclusion. It must be held, therefore, that the attachment of the trust property was illegal.

Case discharged.

All concurred.

Case Details

Case Name: Eldredge Brewing Co. v. Cocheco Bottling Co.
Court Name: Supreme Court of New Hampshire
Date Published: Jun 29, 1918
Citation: 104 A. 453
Court Abbreviation: N.H.
AI-generated responses must be verified and are not legal advice.
Your Notebook is empty. To add cases, bookmark them from your search, or select Add Cases to extract citations from a PDF or a block of text.