Burt v. Agassiz

Citations

• 6 Wash. 242
• 33 P. 508
• 1893 Wash. LEXIS 270

Syllabus

<p>FRAUDULENT CONVEYANCES — SUFFICIENCY OF EVIDENCE.</p> <p>A judgment holding certain conveyances fraudulent on the ground that they were executed to hinder, delay and defraud creditors will not be disturbed where the evidence shows that, at the time of the transfers, the grantors were indebted to their grantee in the sum. of $1,750, which was amply secured by collateral notes, and otherwise; that one of the grantors and the grantee were partners in business; that at the time of the transfers a suit wras being prosecuted against the grantors to recover the sum of $20,000, although this suit was subsequently decided in favor of the defendants; that the total indebtedness of the grantors to the grantee, including loans and advancements subsequent to the conveyances, which, it was claimed, were intended merely as mortgages, never exceeded the sum of $8,000, while the value of the property transferred was greatly in excess thereof; and that after the conveyances the grantors still continued to collect rent from various tenants.</p>