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Clarke v. Rogers, 228 U.S. 534 (1913)
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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.
Clarke v. Rogers, 228 U.S. 534 (1913)
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Clarke v. Rogers No. 221 Argued April 16, 17, 1913 Decided May 5, 1913 228 U.S. 534
APPEAL FROM THE CIRCUIT COURT OF APPEALS
FOR THE FIRST CIRCUIT
Syllabus
The same person, considered in different capacities, may act as the giver and receiver of a fraudulent preference, and so held in a case where a trustee of several trusts, with knowledge of his insolvency, transferred property to one of the trusts to which he was indebted. See Bush v. Moore, 133 Mass. 192.
The obligation resting on a defaulting testamentary trustee to restore the value of the assets embezzled is of a contractual character and the debt is provable although it is fraudulent and excepted from the discharge. Under the laws of Massachusetts, there may be a contractual obligation of one trust to another for payments improperly made from assets of the latter for the benefit of the former. Bremer v. Williams, 210 Mass. 256.
Section 17 of the Bankruptcy Act enumerates debts provable under § 63a which are not discharged, and among them are included those that arise by the conversion of trust funds. Equality between creditors is necessarily the ultimate aim of the Bankruptcy Act, and even if the dividend be very mall, the court will not construe the act so as to allow one creditor to be preferred above the others.
There may be unity of the person and differences in capacities, but such unity imputes knowledge of the purpose for which the different capacities were exercised.
183 F. 518 affirmed.
The facts, which involve the provisions of the Bankruptcy Act in regard to preferences and provable debts, are stated in the opinion.
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Chicago: U.S. Supreme Court, "Syllabus," Clarke v. Rogers, 228 U.S. 534 (1913) in 228 U.S. 534 228 U.S. 535–228 U.S. 539. Original Sources, accessed November 24, 2024, http://originalsources.com/Document.aspx?DocID=TY7XVUJYXN4GZ1J.
MLA: U.S. Supreme Court. "Syllabus." Clarke v. Rogers, 228 U.S. 534 (1913), in 228 U.S. 534, pp. 228 U.S. 535–228 U.S. 539. Original Sources. 24 Nov. 2024. http://originalsources.com/Document.aspx?DocID=TY7XVUJYXN4GZ1J.
Harvard: U.S. Supreme Court, 'Syllabus' in Clarke v. Rogers, 228 U.S. 534 (1913). cited in 1913, 228 U.S. 534, pp.228 U.S. 535–228 U.S. 539. Original Sources, retrieved 24 November 2024, from http://originalsources.com/Document.aspx?DocID=TY7XVUJYXN4GZ1J.
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