Mercantile CreditH. Holt, 1913 - Broj stranica: 382 |
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adjustment bureau amendment amount assets assignee asso Association of Credit attorney banker bankrupt law Bankruptcy Act bill of exchange bill of lading book account borrower buyer capital cash cent charge claims collection commercial committee corporations countries court credit department credit exchange bureaus credit information credit instruments credit men credit risk credit standing creditors customers dating ahead debtor discharge district draft failure filing fraud fraudulent funds furnished give credit given granting credit houses insolvency laws interest investment involuntary bankruptcy jobber jobbing houses legislation loans manufacturer ment mercantile agencies mercantile credit merchandise merchant methods National Association national bankrupt organized owed passed pay his debts payment personal credit petition prefer creditors preferred promise to pay promissory note property statement provisions purchaser purpose receive repeal reports retailer ruptcy salesman secure sell seller signed statement sold term of credit tion trade trustees usually voluntary
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Stranica 280 - ... what belongs exclusively to the one, and not to the other class of laws. It is said, for example, that laws which merely liberate the person are insolvent laws, and those which discharge the contract are bankrupt laws. But if an act of congress should discharge the person of the bankrupt, and leave his future acquisitions liable to his creditors, we should feel much hesitation in saying that this was an insolvent, not a bankrupt act ; and therefore unconstitutional. Another distinction has been...
Stranica 328 - ... a person shall be deemed insolvent within the provisions of this act whenever the aggregate of his property, exclusive of any property which he may have conveyed, transferred, concealed, or removed, or permitted to be concealed or removed, with intent to defraud, hinder or delay his creditors, shall not, at a fair valuation, be sufficient in amount to pay his debts...
Stranica 261 - But still they are cautious of encouraging prodigality and extravagance by this indulgence to debtors; and therefore they allow the benefit of the laws of bankruptcy to none but actual traders; since that set of men are, generally speaking, the only persons liable to accidental losses, and to an inability of paying their debts, without any fault of their own.
Stranica 374 - ... books. Statutes familiar to every person, such as those regulating the manner of conveying real property, regulating the mortgaging and sale of personal property, requiring certain articles of food made in imitation of other wellknown articles to be branded with their true names, regulating the...
Stranica 258 - The power of establishing uniform laws of bankruptcy is so intimately connected with the regulation of commerce, and will prevent so many frauds where the parties or their property may lie or be removed into different States, that the expediency of it seems not likely to be drawn into question.
Stranica 322 - States; or (5) admitted in writing his inability to pay his debts and his willingness to be adjudged a bankrupt on that ground.
Stranica 262 - ... for the law holds it to be an unjustifiable practice, for any person but a trader to encumber himself with debts of any considerable value. If a gentleman, or one in a liberal profession, at the time of contracting his debts, has a sufficient...
Stranica 261 - England, more wisely, have steered in the middle between both extremes: providing at once against the inhumanity of the creditor, who is not suffered to confine an honest bankrupt after his effects are delivered up; and at the same time taking care that all his just debts shall, be paid, so far as the effects will extend.
Stranica 258 - To establish uniform laws on the subject of bankruptcies," being taken up, — Mr. SHERMAN observed, that bankruptcies were, in some cases, punishable with death by the laws of England, and he did not choose to grant a power by which that might be done here.
Stranica 339 - Creditors other than original petitioners may at any time enter their appearance and join in the petition, or file an answer and be heard in opposition to the prayer of the petition.