Court Opinion

ID: 7156789
Source: CourtListenerOpinion
Date Created: 2022-07-24 16:11:10.784482+00
Date Added: 2024-06-11T16:15:15.344563
License: Public Domain

Opinion by
Judge Lewis :
Appellant in common with all the other creditors of the failing debtor, Hopper, was a party to the written contract by which it was agreed that his estate should be assigned to the trustee for the benefit of his creditors. Though there may be some question whether if rigidly construed the instrument extends to and embraces the real property belonging to Hopper at the time, it is nevertheless manifest that the creditor understood and entered into the agreement upon the faith and belief that all the property of the debtor was to be taken possession of by the assignee and divided amongst all the creditors pro rata.
Good faith and fair dealing therefore require that appellant should abide by the agreement as understood and entered into by all the parties to it, and that whatever technical advantage he may have acquired by the sale under his execution should be shared by all the creditors alike.
Wherefore the judgment is affirmed.