Myers v. International Trust Co., 273 U.S. 380 (1927)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Myers v. International Trust Co., 273 U.S. 380 (1927)
Myers v. International Trust Company No. 122 Argued January 12, 13, 1927 Decided February 21, 1927 273 U.S. 380
CERTIORARI TO THE SUPERIOR COURT FOR THE COUNTY
OF SUFFOLK, STATE OF MASSACHUSETTS
Syllabus
1. In Massachusetts, a partner who indorses a firm note as an individual incurs, in addition to the liability for the partnership debt arising from his membership in the firm, a distinct and separate liability arising by reason of his personal indorsement. P. 384.
2. A composition between a bankrupt partnership and the partnership creditors only, in respect only of the partnership debts, will not discharge the partners as individuals from their separate obligations as endorsers of partnership notes. P. 383.
3. The fact that the holder of the notes was scheduled as a partnership creditor and received, as such, his proportion of the consideration deposited for the composition did not enlarge the effect of the composition so as to discharge the partners from their personal liabilities as endorsers. P. 385.
252 Mass. 94 affirmed.
Certiorari (268 U.S. 686) to a decree of the Superior Court for Suffolk County, entered pursuant to a rescript from the Supreme Judicial Court.
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Chicago: U.S. Supreme Court, "Syllabus," Myers v. International Trust Co., 273 U.S. 380 (1927) in 273 U.S. 380 Original Sources, accessed November 25, 2024, http://originalsources.com/Document.aspx?DocID=838QEVDXLBKYAY5.
MLA: U.S. Supreme Court. "Syllabus." Myers v. International Trust Co., 273 U.S. 380 (1927), in 273 U.S. 380, Original Sources. 25 Nov. 2024. http://originalsources.com/Document.aspx?DocID=838QEVDXLBKYAY5.
Harvard: U.S. Supreme Court, 'Syllabus' in Myers v. International Trust Co., 273 U.S. 380 (1927). cited in 1927, 273 U.S. 380. Original Sources, retrieved 25 November 2024, from http://originalsources.com/Document.aspx?DocID=838QEVDXLBKYAY5.
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