Geo. Seligson & Co. v. Brown & Brown

Citations

• 61 Tex. 180
• 1884 Tex. LEXIS 68

Syllabus

<p>1. Fbaudulent conveyance.— A charge to the effect that “if a debtor in failing circumstances sells his property for a fair consideration with the ex- ■ pressed purpose of applying the proceeds to the payment of his debts, and that is known to be his intent by the purchaser, such sale is not illegal and void,” was given in a case involving the validity of a sale made by a merchant of bis entire stock of goods, which were paid for by taking negoiiable notes. Held, that giving the charge was error, because the law will not ' 1 allow a purchaser to enable an insolvent debtor to evade his creditors by giving money or negotiable notes which cannot be reached by legal process, for his visible property, which might be subjected to the payment of his debts.</p>