(DOWNLOAD) "Prairie State Bank v. United States. United States v. Hitchcock." by Supreme Court of the United States # Book PDF Kindle ePub Free
eBook details
- Title: Prairie State Bank v. United States. United States v. Hitchcock.
- Author : Supreme Court of the United States
- Release Date : January 30, 1896
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 79 KB
Description
The question to be determined is which of the two contestants possesses a superior right to the fund. It is self-evident that, considering the agreements between Sundberg & Company and the bank as an intended transfer pro tanto of the rights of the latter to the results of the contract with the United States, such transfer would be void under Γ§ 3477, Rev. Stat. This position was not controverted in the discussion at bar, but it was asserted that as the bank had advanced money to complete the building and thus to enable Sundberg & Company to perform their contract obligations with the government, therefore the bank had an equitable lien upon the ten per cent retained by the government paramount to any lien in favor of Hitchcock, whose lien, it was contended, only arose from the date of his advances made to execute the contract upon Sundbergs default.
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