Moulton v. Holmes

Citations

• 57 Cal. 337

Syllabus

<p>Executors—Compromise—Estates or Deceased Persons—Trustee.—Executors and administrators have the legal right to compound and discharge debts due to their testator or intestate. Such a power belongs to all trustees.</p> <p>Id. — Id. — Id. — Section 1588 of the Code of Civil Procedure, authorizing compromises by executors and administrators of debts due the estate, upon the approbation of the Probate Court, was intended for their protection, and is not restrictive of their common-law powers.</p>