SCHENKHOUSE v. GIBBS


4 U.S. 136 (____)

4 Dall. 136

Schenkhouse versus Gibbs et al.

Supreme Court of United States.


By the COURT:

We are of opinion, that the mode of remitting by a general bill, payable to one merchant, with separate drafts infavour of each of the other merchants, who are interested in the amount of the bill, is a good and lawful execution of the trust and authority of a factor, employed by several distinct and unconnected merchants, resident abroad. No inconvenience can arise from the transaction, if all the parties are apprised of the distributive appropriation...

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