Case Name: M. Shelly & Co. vs. Chew & Lawrence
Court: Louisiana Supreme Court
Jurisdiction: Louisiana
Decision Date: 1880
Citations: 1 Mann. Unrep. Cas. 358
Docket Number: No. 7300
Parties: M. Shelly & Co. vs. Chew & Lawrence.
Judges: 
Reporter: Unreported cases heard and determined by the Supreme Court of Louisiana, from January 8, 1877, to April, 1880
Volume: 1
Pages: 358–359

Head Matter:
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 collaterals cannot 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.

Opinion:
Manning, C. J.,
delivered the opinion affirming the judgment.