1792–1794
BankruptcyCompensationCreditorBill of ExchangeAssignationDebtHarrisons, as assignees of Gibson and Johnson, claimed entitlement to rank on the estate of William M'Alpine and Company for the full amount of bills held as security for advances made to the firm. Edward Chippendale, trustee of the estate, argued that this claim was compensated by the value of bills which Gibson and Johnson had accepted and indorsed to M'Alpine and Company. The dispute thus turned on whether the assignees could recover the full amount of their secured debt or whether it was subject to compensation by the firm's separate claims against them.AI-generated
Documents in this case (2)
- Curtis — Information, 26 May 1792May 26, 1792 Information of Messrs. Gibson and Johnson's assignees, arguing that they are entitled to rank on the estate of William M'Alpine and Co. for the full amount of bills held as security for advances made.
- Edward Chippendall, Trustee on M'Alpine's Estate v. Gibson and Johnson's Assignees — Information, 28 May 1793May 28, 1793 Information of Edward Chippendall, Trustee on M'Alpine's Estate, arguing that the claim by Gibson and Johnson's assignees is compensated by the value of bills they accepted and indorsed to M'Alpine and Comp…
People & places in this case
People involved
- James Grant, of Corrimony — Advocate for Party
- Alexander Murray, Lord Henderland — Lord Ordinary
