Woolridge v. Boardman

Citations

• 115 Cal. 74
• 46 P. 868
• 1896 Cal. LEXIS 973

Syllabus

<p>Insolvency—Fraudulent Transfer—Gift to Wife—Intent to Defbaud Creditors—Support of Finding.—Evidence reviewed and held to support finding of insolvency at time of gift, and fraudulent intent in making the same.</p> <p>Id.—Effect of Subsequent Insolvency—Absence of Business Reverse. Thougli subsequent insolvency is not of itself foundation for au inference of insolvency at the date of a gift six months previous thereto, yet the subsequent insolvency, occurring within a short interval of time without any considerable reverse of business through the happening of any casualty, is a fact pertinent to the inquiry whether the like condition did not exist at the time of the gift to the wife, and to illustrate the intent of the donor.</p> <p>Id.—Insolvency at Time of Gift.—The insolvency of a debtor at the time of a gift of property to his wife is a circumstance tending to show fraudulent intent.</p> <p>Id.—Evidence—Statement of Property for Taxation—Insufficient Objection. —Though a statement of property for taxation rendered to the assessor is not evidence of the value of the property, it is admissible as evidence of what property was then claimed by the party making the statement, and an objection made to the whole statement as incompetent, irrelevant, and immaterial is properly overruled, the objection not being confined to the value placed on the property.</p>