Putnam v. Peterson

1 Citing case

  1. Tomlinson v. Burgess

    52 P.2d 1259 (Wash. 1935)   Cited 1 times
    Holding that transfers from a debtor to creditors who were not trustees of a trust for the which the debtor was a beneficiary were valid and not fraudulent

    [2] However, this court has always held that it is no badge of fraud for an insolvent, personal debtor to prefer one or more of his creditors over others, even if it exhausts the whole of his property, where the debt is real and the payment actual and adequate. Samuel v. Kittenger, 6 Wn. 261, 33 P. 509; Holt Manufacturing Co. v. Bennington, 73 Wn. 467, 132 P. 30; Merrick v. Pattison, 85 Wn. 240, 147 P. 1137; Meakim v. Ludwig, 99 Wn. 180, 169 P. 24; Marinovich v. Newton, 126 Wn. 22, 216 P. 876; Puget Sound National Bank v. More, 159 Wn. 5, 291 P. 1081; Essig v. Collier, 159 Wn. 172, 292 P. 414; Putnam v. Peterson, 162 Wn. 130, 297 P. 1076. (The last four cases were not cited by counsel for respondent, although texts to the same effect were cited from Ruling Case Law and Corpus Juris.)