In re Wm. H. Blumer & Co.

E.D. Pennsylvania

In re Wm. H. Blumer & Co.

13 F. 622, 1882 U.S. Dist. LEXIS 171

CourtDistrict Court, E.D. Pennsylvania

DecidedSeptember 8, 1882

StatusPublished

Cited by1 cases

This text of 13 F. 622 (In re Wm. H. Blumer & Co.) is published on Counsel Stack Legal Research, covering District Court, E.D. Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

In re Wm. H. Blumer & Co., 13 F. 622, 1882 U.S. Dist. LEXIS 171 (E.D. Pa. 1882).

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Opinion

Butler, D. J.

This exception must be dismissed. Mr. Line’s indorsement on the certificate was without any legal effect. It was in terms a guaranty of his own debt. As a member of the firm which issued the certificate, he was liable to be called upon individually to pay it, and his guaranty was therefore unmeaning. The creditor obtained no additional obligation whatever, and has no right to participate in the distribution of the debtor’s individual estate at this time.

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Butler, D. J.

This exception must be dismissed. Mr. Line’s indorsement on the certificate was without any legal effect. It was in terms a guaranty of his own debt. As a member of the firm which issued the certificate, he was liable to be called upon individually to pay it, and his guaranty was therefore unmeaning. The creditor obtained no additional obligation whatever, and has no right to participate in the distribution of the debtor’s individual estate at this time.

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Bluebook (online)

13 F. 622, 1882 U.S. Dist. LEXIS 171, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-wm-h-blumer-co-paed-1882.

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