Court Opinion

ID: 7153324
Source: CourtListenerOpinion
Date Created: 2022-07-24 16:03:52.991011+00
Date Added: 2024-06-11T16:15:11.049000
License: Public Domain

Opinion by
Judge Peters :
While as a general rule it is true that a creditor who has the effects of an insolvent debtor in his hands will not be compelled to part with them until his debt is satisfied; yet in this case appellant, by his disavowal in his answer to Brown’s cross-suit against him,etc., and by his acquiescence in the appropriation of the funds, has precluded himself from the benefit of the rule.
By the terms in which appellant accepted appellees’ notice of the transfer of the residue of the debt on Brown he certainly waived his lien by failing then to apprise Harris of his claim, and place him in a condition to seek indemnity from. Murry, his assignor.
The judgment must therefore be affirmed.