Court Opinion

ID: 4928661
Source: CourtListenerOpinion
Date Created: 2021-09-24 01:00:49.125884+00
Date Added: 2024-06-11T08:14:16.250374
License: Public Domain

Shepley, C. J.
The defendant made an assignment for the benefit of his creditors, containing a clause, by which they were required to release all their claims, while the Act approved on April 1, 1836, was in force without amendment.
The plaintiff’s testator became a party to that assignment, and received dividends upon his claim by virtue of it.
Such assignments have been adjudged by this court to be illegal.
It is however insisted, that one, who has become a party to, such an assignment and has received dividends under it, cannot be permitted to object to its validity, and the case of Fisk v. Carr, 20 Maine, 301, is relied upon.
That case was determined before it was decided in the case of Pearson v. Crosby, 23 Maine, 261, that an assignment containing such a release was illegal.
The other cases cited in defence show, that when one person has induced another to believe in the existence of a certain state of facts, and to act upon that belief to his own injury, if the facts should prove to be otherwise, he will be estopped or precluded from denying the existence of such state of facts.
That principle is not applicable to a case like the present. It does not appear, that the testator induced the defendant to make such an assignment or to believe, that it would be a legal one. The statute determines, what shall be the legal effect of their proceedings,'irrespective of their signatures and acts. If parties could by their signatures and acts, make such an assignment valid and effectual between themselves, they would be enabled to repeal the provisions o( the act so far as to make an instrument effectual for many, and it may be for most purposes, which the act declares shall not be valid.
When the act declares, that no assignment shall be valid, except the provisions of the act be complied with,-it does not refer to an assignment or instrument, drawn and signed by *409one party only, but to an assignment however perfected and in whatever stage of the proceedings, it may be introduced.

Judgment on the default.