Case Name: Lucy W. Watson v. James W. Ferguson
Court: Kentucky Court of Appeals
Jurisdiction: Kentucky
Decision Date: 1869-01-09
Citations: 2 Ky. Op. 672
Docket Number: 
Parties: Lucy W. Watson v. James W. Ferguson.
Judges: 
Reporter: Kentucky Opinions, containing the unreported opinions of the Court of Appeals
Volume: 2
Pages: 672–672

Head Matter:
Lucy W. Watson v. James W. Ferguson.
Principal and Agent — Attachment of Funds in hands of Agent — Right to Retain Fund for Indemnity — Injunction.
An agent has an equitable right to retain the funds of his principal for indemnity and to enjoin any appropiation of it by the attaching creditors.
APPEAL FROM BOURBON CIRCUIT COURT.
January 9, 1869.
Prall, for appellant.
Davis, for appellee.

Opinion:
Opinion of ti-ie Court by
Judgr Hardin :
When the appellant, as creditor of Oscar H. Burbridge,. attached his funds in the appellee's hands as his agent, the latter, in danger of irreparable loss as his surety, had an equitable right to retain the fund for indemnity and to enjoin any appropriation of it by Burbridge's creditors without such indemnity. The appellant's attachment was therefore subject to that pre-existing equity,' and the circuit court did not err in discharging the attachment on that ground.
Wherefore, the judgment is affirmed.