Trumbo, Hinson & Co. v. Hamel & Co.

Citations

• 29 S.C. 520
• 8 S.E. 83
• 1888 S.C. LEXIS 167

Syllabus

<p>An assignment by a partnership of partnership assets for the payment of partnership debts, providing that the proceeds should be applied primarily to payment of such creditors as would accept their pro rata share in full discharge of their demands, and next to the payment of all creditors ratably, the surplus to be returned to the assignors, is not fraudulent and void neither upon the ground that it is only a partial assignment, nor because it provides for a return of the surplus to the assignors, to whom such surplus,- if any, was properly returnable for an adjustment of the equities of the copartners and for the payment of individual debts.</p>