Case ID: mann-unrep-cas_1/html/0358-01.html
Source: Caselaw Access Project
Author: {"author": "Manning, C. J.,", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

No. 7300.
    M. Shelly & Co. vs. Chew & Lawrence.
    Where at a meeting of the creditors of an insolvent firm it was agreed that a full and entire discharge of all indebtedness is granted upon the surrender of their boohs, real estate, bills receivable and all assets of whatever nature belonging to them, and a receiver was appointed by the creditors, the distribution to ba pro rata, and the assets were delivered as agreed, but certain collaterals were in the hands of other parties before the agreement was made and the receiver never came into possession of them but distributed pro rata the assets he received; held, these collateralscannot be said to belong unqualifiedly to the firm, and that the condition, upon which the release of the defendants depended, had been performed.
    Appeal from the Fourth District Court of New Orleans. Houston, J.
    
      Lancaster for Plaintiff Appellant. Huntington for Defendants.
   Manning, C. J.,

delivered the opinion affirming the judgment.