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النشر الإلكتروني

PROPERTY

Which does or does not pass to the As-
signee.

SCRIVENER.

RELATION.

See TRADING.

See ACT OF BANKRUPTCY.

S.

SALE.

Assignees may sell by private Con-
tract. Ex parte Dunman. Page 66

SECOND COMMISSION.

179

indebted to B. for Premiums of In-

surance, and having obtained an

Advance of Money upon a Pledge

of Goods placed in B.'s Hands for
Sale, but not on those Goods to the
Exclusion of 4.'s general Credit,
became bankrupt. Afterwards a
Loss happened, and B. received it
from the Underwriters. Held that
this was a mutual Credit within the
Statute 30 Geo. 2. c. 5. and that
B. might retain the Sum received
for the Loss in Liquidation of his
Advances, as well as of the Balance
due for Premiums. Olive v. Smith.

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cannot be set off against a Debt

due to the Husband. Ex parte

Blagden.
Page 249

5. Where a Loss attaches upon a Po-
licy of Insurance, after a Bank-
ruptcy of the insured, it consti-
tutes a Cause of Action in the As-
signees; not an Interest in the Bank-
rupt, admitting a Set-off, ibid.
6. To enable the Holder of a Bank-
rupt's Acceptances to avail him-
self of them in an Action by the
Assignees against himself on his
own Acceptance, by Way either of
Set-off or mutual Credit, he must
most distinctly prove either that

the Obligation on himself to pay

the Bill so set off subsisted before

the Bankruptcy, or that there was

a mutual Credit created in the Ori-

gin of the Bills. Aughterlony v.

Easterly.

7. Where to an Action by Assignces
for a Debt due to the Bankrupt's
Estate the Defendant set off Notes
in his Possession issued by the
Bankrupt before the Bankruptcy,
Proof that Notes to the Amount
of the Set-off came into his Hands

three or four Weeks before the

Bankruptcy was held sufficient

Evidence from which the Jury

might infer that he was in Posses-

sion of them at the Time of the

Bankruptcy. More v. Wright.

470

8. Against Premiums due to the
Bankrupt a Broker cannot set off a

Loss on a Policy effected by him

without a del credere Commission,
where there has been no Adjust-
ment. Baker v. Langhorn.

Page 471

SEQUESTRATION.

A Commission of Bankrupt vests in
the Assignees under it all the per-
sonal or moveable Property of the
Bankrupt, precluding Creditors in
Scotland, where the Bankrupt had
also resided and traded, from at-
taching by legal Process the per-
sonal or moveable Property of the
Bankrupt in that Country, or from
administering it in that Country,
or from administering it in a Course
of Distribution under a Sequestra-
tion.

But the Commission does not
affect the heritable or real Pro-
perty of the Bankrupt out of Eng-
land, nor is there any legal Obliga-
tion on him to convey it to his As-
signees farther than what the Cre-
ditors are indirectly enabled to en-
force by the Power which they
have of granting or withholding
his Certificate.

The Title of the Assignees by
Assignment under a Commission
of Bankrupt does not, like an As-
signation by an Individual, or upon
particular Contract, require Inti-
mation; the former being recog-
nized as a Transfer of a public
Nature, taking Effect by Opera-
tion of Law as a Transfer by Mar-
riage.

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1. The Owners of a Ship are not in-
terested in it as joint Tenants, but
as Tenants in common upon a
Bankruptey; therefore the Bank-
rupt's Share passes to the Credi-
tors under the Bankruptcy, with-
out being liable specifically to the
Claims of the other part Owners
in Respect of their Disbursements
and Liabilities for the Ship. Ex
parte Harrison.

76
2. A Ship, while the Possession of it

is retained, is specifically charge-
able in respect of the Expence in-
curred in repairing it; but the
Possession parted with the Lien is
lost. In the Repair of a Ship,
the Creditor has the Liability of
the Master who gives the Order,
and also of the Owners, for whom
the Master is considered as the
Agent, unless such Liability be
excluded as to the one
or the
other of them by the express
Terms of the Contract. Ex parte
Bland.

91

3. If in a foreign Port a Loan is ne-
cessary to enable the Master of a

Ship

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