Nature of the Case
To access this section all you need to do is click here and register.
Facts
P filed a claim against a bankrupt's estate for $375,700, and the bankrupt referee held the claim valid, and this was appealed. Bankrupt was a married man who engaged in an illicit affair with P. She got substantial sums of money from Bankrupt, and he also paid $70,000 for a house on Long Island acquired by her. P testified that Bankrupt had promised to marry her as soon as he should get a divorce. The adultery was discontinued in 1926, but an agreement under seal was signed in which Bankrupt agreed to pay her $1,000 per month, assign her a $100,000 life insurance policy and to pay a $100,000 payment if premiums would lapse and to pay rent on her apartment for the next four years. For this agreement, P released all claims which she had against Bankrupt. The instrument recited $1 as consideration.
Support@ bsmsphd.com
Casebriefs Co