 But it is also used in a more restricted sense, to express the inability of a party to pay his debts, as they become due in the ordinary course of business.  Atlantic Reporter - Side 621895Uten tilgangsbegrensning - Om denne boken
 | Oregon. Supreme Court, William Wallace Thayer, Joseph Gardner Wilson, Thomas Benton Odeneal, Julius Augustus Stratton, William Henry Holmes, Reuben S. Strahan, George Henry Burnett, Robert Graves Morrow, James W. Crawford, Frank A. Turner, Bellinger, Charles Byron - 1894 - 694 sider
...term "insolvency," as used In bankrupt and Insolvency proceedings, denotes the inability of a party to pay his debts as they become due in the ordinary course of business, but for general purposes the popular meaning of the word is preferable, viz., the insufficiency... | |
 | 1895 - 640 sider
...admissible as a set-off was applied, and properly so. An assignment for the benefit of creditors is a badge of insolvency. It is presumably made because...in the ordinary course of his business. Chipman v. The Bank, supra, did not consider or allude to the rule as to set-off in actions by administrators... | |
 | Abraham Clark Freeman - 1895 - 1054 sider
...benefit of the debtor, it is used in a more restricted sense, and denotes the inability of a party to pay his debts as they become due in the ordinary course of business: Toof v. Martin, 13 Wall. 40; Webb v. Sachs, 4 Saw. 158. And to this effect are the authorities... | |
 | 1896 - 1252 sider
...bankrupt act, when applied to traders and merchants, has been held to mean an inability of a party to pay his debts as they become due, in the ordinary course of business. Toof v. Martin, 13 Wall. 40. Very clearly, in the present case, to say the least, the insolvency... | |
 | Orlando Bump - 1898 - 998 sider
...popular meaning. But it Is also used, in a more restricted sense, to express the liability of a party to pay his debts as they become due In the ordinary course of business. It Is in this latter sense that the term Is used when traders and merchants are said to be... | |
 | Virginia. Supreme Court of Appeals - 1898 - 952 sider
...insolvent, whether that •word be used in its restricted sense, to indicate the inability of an individual to pay his debts as they become due in the ordinary course of business, or in its general or popular meaning, to denote that the entire assets of a debtor are insufficient... | |
 | 1901 - 822 sider
...the sense of the bankrupt act, means that the party whose business affairs are in question is unable to pay his debts as they become due In the ordinary course of his dally transactions; and a creditor may be said ro have reasonable cause to believe his debtor to be... | |
 | 1901 - 250 sider
...insolvency, as used In the bankrupt act when applied to traders and merchants, is meant Inability of a party to pay his debts as they become due in the ordinary course of business. There was no proof that the $4,400 had become due. — 76. INSURANCE. AGENTS. 169. The policy... | |
 | 1901 - 702 sider
...commercial pursuits, the term "insolvency" generally means the condition of a person who is unable to pay his debts as they become due in the ordinary course of business. 16 Am. & Eng. Eue. Law 636. General Definition.— In McArthur v. Chase et al»., 18 Gratt.... | |
 | Horace La Fayette Wilgus - 1902 - 1252 sider
...insolvent, whether that word be used in its restricted sense to indicate the inability of an individual to pay his debts as they become due in the ordinary course of business, or in its. general or popular meaning, to denote that the entire assets of a debtor are insufficient... | |
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