Hurley v. Ornsteen Ma. Sup. Jud. Ct.,

42 N.E.2d 273 (1942)

Purchase the Printed Copy at bsmsphd.com

Nature of the Case

To access this section all you need to do is click here and register.

Facts

Feldman & Co., a bankrupt Massachusetts corporation, had its entire control and management in the board of directors. D opened an account with the corporation in 1933 and ended up owing the corporation over $1,500. A letter to D in September of 1934 from Albert Feldman, a director of the corporation, offered to forgive the debt for the value of collateral (approximately $775.00) due to D's precarious financial position. Richard Feldman affirmed the offer when approached by D. P, the trustee in bankruptcy of Feldman & Co., sued to recover the balance due.