Groschen v. Page

Citations

• 6 Cal. 138

Syllabus

<p>An assignment for the benefit of certain parties, who have undertaken to guaranty the payment of such creditors of the assignor, as consent to an extension of time or a substitution of security, is void.</p> <p>A partial or special assignment is equally void as a general assignment, and being void because it delays and hinders creditors, as well as because it is against the policy of the statute, can not be cured by the intervention of third parties, who voluntarily assume to do that for the indulgent creditors, which the debtor himself could not do.</p>