S. Gumbel & Co. v. Ryan

Citations

• 118 La. 606
• 43 So. 251
• 1907 La. LEXIS 772

Syllabus

<p>1. Fbaudulent Conveyances — Action to-Set Aside — Cause.</p> <p>The action was brought to set aside a sale made to defraud creditors.</p> <p>2. Same — Vendob.</p> <p>It does not appear that the vendor was in-, good faith; on the contrary.</p> <p>3. Same — Yendee.</p> <p>The weight of the testimony shows that the vendee did not know of vendor’s insolvency, nor did he know that the vendor’s purpose was to take advantage of his creditors. The vendee’s bad faith was not shown.</p> <p>•4. Bills and Notes — Bona Fide Purchasers —Third Persons.</p> <p>The notes executed by the vendee to the vendor representing the price were transferred by the latter to an innocent person, as testified to, and the testimony is neither rebutted nor contradicted.</p> <p>[Ed. Note. — For cases in point, see Cent. Dig. vol. 7, Bills and Notes, § 970.]</p> <p>5. Appeal — Fraudulent Conveyances — Verdict and Judgment.</p> <p>The parties were known to the jury and the court; they believed the testimony.</p> <p>The court on appeal found no good reason ■to set aside the verdict and judgment.</p> <p>(Syllabus by the Court.)</p>