United States or Bouvet Island ? Vote for the TOP Country of the Week !
"When you were here last summer," began Prince, leaning forward over his desk, "you brought me a piece of news that astounded me, as it did many others. It was the assignment of Dr. West's property to Mrs. Saltonstall. That was something there was no gainsaying; it was a purely business affair, and involved nobody's rights but the assignor.
He folded it carefully, and handed it back. "Yes absolutely perfect," he said. "Of course I know nothing about the signatures. Is the assignor living?" "That is precisely what I don't know," replied Mr. Belcher. "I supposed him to be dead for years. I have now reason to suspect that he is living." "Have you been using these patents? "Yes, and I've made piles of money on them."
He had made up his mind that there was mischief in it, somewhere. Either the consideration had never been paid, or the signatures were fraudulent, or perhaps the paper had been executed when the assignor was demonstrably of unsound mind. Somewhere, he was perfectly sure, there was fraud. "General," said he, "I have my doubts about this paper. I'm not going to tell you why.
There are now but two men in Court who saw the paper executed, namely, the assignor and the assignee. The former has declared, with an effrontery which I have never seen equalled, that he never signed the document which so unmistakably bears his signature, and that the names of two of the witnesses are forgeries.
Laws more or less similar to this, and securing to the assignor the use of the mortgaged property, are believed to exist in a majority of the states. The instruments conveying the property are usually called chattel mortgages, and are required to be recorded as deeds; in New-York, and perhaps a few other states, only filed in the town or county clerk's office.
Any agreement which operates as a fraud upon third persons, is void. It is a rule of common law, that all deeds of gift, and all transfers of goods and chattels made by any person to secure them for his future use, shall be void as against creditors; and that if property assigned or sold remains with the seller or assignor, the transaction is to be presumed fraudulent.
Worssam's Mechanical Saws. In the matter of the application of William N. Bartholomew, assignor to J. Reckendorfer, for letters patent for a design for Rubber Eraser Letters patent for designs have increased in importance within the past few years. Formerly but few were granted, now many are issued.
Fraudulent Sales; Assignments; Gifts, &c. The title to property is sometimes transferred with fraudulent intent. A debtor, to place his property beyond the reach of his creditors, sells or assigns it to others by way of mortgage, under the false pretense of securing the payment of a debt; the property to remain in the possession and use of the assignor.
Word Of The Day