Thomas v. Smith
Opinion
The opinion of the Court was delivered by
The question is, whether these bonds were assets for payment of debts. That they were not intended to be so, is evident from the terms of the endorsement, by which the defendants were ordered to redeliver them to the obligors, when they should relinquish all claim to any other part of the estate. Had there been a reservation for payment of the debts, it would have been easy to express it; but, as it was supposed there would be enough beside, none was intended. Then why, it has been aslced, should bonds have been taken at all ? Simply because it is a custom in some parts of the state to take securities for advancements, merely as acknowledgments of them, which do not, however, always contain a clause of self-defeasance, and which may consequently be used to enforce the. father’s plan of distribution. That was certainly not the object to be accomplished by them here; for had he died intestate, 'and leaving a greater estate than was anticipated, the sons might, consistently with the terms, have thrown their bonds and advancements into hotchpot, and entitled themselves to enhanced portions; and to enable them to do- so was probably the motive for giving the transaction its peculiar form. But whatever the motive, the provision is, in this respect, an unconditional
Footnotes
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