U.S. Supreme Court
National Bank v. Dayton, 102 U.S. 59 (1880)
National Bank v. Dayton
102 U.S. 59
A., being indebted to B., proposed, in consideration of a further loan of money, to deliver, in payment of both sums, a certain quantity of wood at a stipulated price per cord. B. accepted the proposal, C. agreeing to receive the wood from him at that price. The loan was made, and A., pursuant to the agreement of the parties, delivered the wood upon the premises of C. Held that A.'s title passed by that delivery, and that the wood was not subject to levy under executions thereafter issued by his creditors.
The facts are stated in the opinion of the Court. chanroblesvirtualawlibrarychanroblesvirtualawlibrary