Difference between revisions of "Hill v. Gregory"
From Wythepedia: The George Wythe Encyclopedia
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==Background== | ==Background== | ||
| − | Fendall Southerland held a bill of exchange and a bond issued by Carter Braxton (the listed defendant, Roger Gregory, was executor of Southerland's estate). James Hill endorsed the bill of exchange, and so was also liable to Southerland for any amount of that bill that Braxton could not cover. | + | Fendall Southerland held a bill of exchange and a bond issued by Carter Braxton (the listed defendant, Roger Gregory, was executor of Southerland's estate). James Hill endorsed the bill of exchange, and so was also liable to Southerland for any amount of that bill that Braxton could not cover. Braxton assigned some securities to Southerland and claimed that their value would be credited to the bill of exchange, but Southerland credited them to the bond instead. |
==The Court's Decision== | ==The Court's Decision== | ||
Revision as of 16:30, 7 August 2013
Hill v. Gregory, Wythe 73 (1790), was a case that discussed whether a creditor could choose how to apply a payment among a debtor's different accounts in the absence of specific directions from the debtor.[1]
Background
Fendall Southerland held a bill of exchange and a bond issued by Carter Braxton (the listed defendant, Roger Gregory, was executor of Southerland's estate). James Hill endorsed the bill of exchange, and so was also liable to Southerland for any amount of that bill that Braxton could not cover. Braxton assigned some securities to Southerland and claimed that their value would be credited to the bill of exchange, but Southerland credited them to the bond instead.
The Court's Decision
Wythe's Discussion
References
- ↑ George Wythe, Decisions of Cases in Virginia by the High Court of Chancery, (Richmond: Printed by Thomas Nicolson, 1795), 73.
