New York Court of Appeals June 15, 1882 (In re Hulbert)

Earl, J.

On October 28., 1880, Milan Hulbert and William A. Hulbert, the appellants, who were doing business as a firm in the city of New York, having become financially embarrassed, made a general assignment for the benefit of their creditors to the respondent, Adrian Van Sinderin. The assignee took formal possession of the assigned property, which consisted of merchandise and book accounts.