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FREIBURG V. DREYFUS, 135 U. S. 478 (1890)

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U.S. Supreme Court

Freiburg v. Dreyfus, 135 U.S. 478 (1890)

Freiburg v. Dreyfus

No. 228

Argued March 24-25, 1890

Decided April 14, 1890

135 U.S. 478

APPEAL FROM THE CIRCUIT COURT OF THE UNITED

STATES FOR THE EASTERN DISTRICT OF LOUISIANA

Syllabus

D., a resident at New Orleans, being at the time insolvent, transferred to M. certain goods in a warehouse as a dation en paiement. M. pledged these goods to E. to secure $15,000, of which $5000 was loaned in cash, and $10,000 in two notes for $5000 each, which notes were executed in all respects in the manner required by the Civil Code of Louisiana, §§ 3157, 3158, in order to secure a privilege and preference under those sections. A creditor of D. commenced an action at law against him and caused these goods to be sequestered, and subsequently filed a bill in equity to set aside the whole transaction as fraudulent. Pending the proceedings the two notes matured and were paid by E., held,

(1) That these instruments were sufficient under the laws of Louisiana.





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