Robert Cowan and Company, creditors on a bill accepted by John Farie, sought to have Farie’s movable effects sequestrated. Cowan & Co. argued that sequestration was appropriate when a debtor’s movable estate was the subject of a poinding or when the debtor was imprisoned; both criteria applied to Farie. The respondents opposed sequestration on several grounds, including the following: (1) Farie received no value for the bill; (2) Farie was under interdiction when he accepted the bill; and (3) Farie’s movable estate was exhausted by higher-ranked creditors. When the case was argued, the parties agreed to suspend the proceeding while the respondents found caution for Farie’s debt. However, after a dispute about the form of the caution, Cowan & Co. submitted a second petition for sequestration and expenses.
Cowan v. Farie and Others
