Bankruptcy. Property Passing to Trustee. Choses in Action. Assignment of Future Book Account

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<ul><li><p>Bankruptcy. Property Passing to Trustee. Choses in Action. Assignment of Future BookAccountSource: Harvard Law Review, Vol. 31, No. 3 (Jan., 1918), p. 489Published by: The Harvard Law Review AssociationStable URL: http://www.jstor.org/stable/1327089 .Accessed: 23/05/2014 12:22</p><p>Your use of the JSTOR archive indicates your acceptance of the Terms &amp; Conditions of Use, available at .http://www.jstor.org/page/info/about/policies/terms.jsp</p><p> .JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range ofcontent in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new formsof scholarship. For more information about JSTOR, please contact support@jstor.org.</p><p> .</p><p>The Harvard Law Review Association is collaborating with JSTOR to digitize, preserve and extend access toHarvard Law Review.</p><p>http://www.jstor.org </p><p>This content downloaded from 194.29.185.20 on Fri, 23 May 2014 12:22:13 PMAll use subject to JSTOR Terms and Conditions</p><p>http://www.jstor.org/action/showPublisher?publisherCode=harvardlawhttp://www.jstor.org/stable/1327089?origin=JSTOR-pdfhttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsp</p></li><li><p>RECENT CASES 489 </p><p>ground of consanguinity; in absence of express provision to the contrary, that right is not prejudiced by the artificial relation created by adoption. Wagner v. Varner, 50 Iowa, 532; Czarkson v. Hltton, 143 Mo. 47, 44 S. W. 76X. See In re Darlitg's Estate, i59 Pac. 6o6, 607 (Cal.). The adoption does not place the child in a position as of the blood of the foster parents so as to give a general right to inherit. In re Burnett's Estate, 219 Pa. 599, 69 Atl. 74; Wallace v. Noland, 246 Ill. 536, 92 N. E. 956; Hockaday v. Lynn, 200 Mo. 456, 95 S. W. 585. However, as in the principal case, adoption statutes generally confer a right to inherit from the adopting parent. Gilliam v. Gu(aranty Trust Co., i86 N. Y. 127; Ryan v. Foreman, 262 Ill. 175. Such right exists, even though after the death of the adopting parent the child is readopted. Cf. Russell's Adm'r v. Russell's Guardian, 14 Ky. L. R. 236; Patterson v. Browning, 146 Ind. i6o, 44 N. E. 993. But if prior to the death of the foster parent that statutory status is abrogated, all rights and obligations existing because of that status would seem to be at an end, including the statutory right to inherit. </p><p>BANKRUPTCY - PROPERTY PASSING TO TRUSTEE - CHOSES IN ACTION - </p><p>ASSIGNMENT OF FUTURE BOOK ACCOUNT. -The owner of an established business made an assignment to the plaintiff, as security for a loan, of book accounts to come into existence in connection with that business. Held, that equity would not enforce this assignment against the trustee in bankruptcy of the assignor. Taylor v. Barton-Child Co., I17 N. E. 43 (Mass.). </p><p>A mortgage of after-acquired chattels, unless the mortgagee has taken pos- session, is not enforceable in Massachusetts. Jones v. Richardson, io Metc. (Mass.) 48i. The decision in the principal case is based on an analogy between the assignment of a chose in action and a mortgage of chattels. Legal title to chattels to be subsequently acquired cannot be transferred without further action of the parties. Taking the view that the assignment of a chose in action is the transfer of a legal right, this would be as true of a chose in action as of a chattel, and the same rules should apply to each. But if an assignment merely creates an irrevocable power of attorney to collect, there seems to be no reason why such a power cannot be given as well for a future as a present debt, on the same rules applied to future as to present assignments. See Samuel Williston, "Transfers of Personal Property," i9 HARV. L. REV. 557, 562. But the doctrine of the principal case has been generally followed. Most American jurisdictions, following the English rule, hold a mortgage of future property to be enforceable in equity whether or not the mortgagee has taken possession. Holroyd v. Marshall, io House of Lords Cases i9i; Mitchell v. Winslow, 2 Story (U. S.) 630. In such jurisdictions an assignment like that in the principal case is enforceable in equity as against the general creditors of the assignor. Taitby v. Official Receiver, 13 A. C. 523; Burdon Cent. Sugar Refin. Co. v. Payne, i67 U. S. 127; Field v. City of New York, 6 N. Y. I79. </p><p>COMMON LAW - STATUTES - PROCEEDINGS IN FORMA PA UPERIS. - The statutes of California make no provision for proceedings in formna pauperis and require payment of certain costs in advance. Upon application for leave to sue in forma pauperis held, that power to allow such a proceeding is inherent in common-law courts and exists unless expressly taken away by statute. Martin v. Superior Court, SAN FRANCISCO RECORDER, October i8, I0I7. See Notes. </p><p>CONFLICT OF LAWS - JURISDICTION FOR DIVORCE - EXTRATERRITORIAL EFFECT OF DIVORCE - DOMICILE OF MARRIED WOMAN. - The husband left the wife in New York, alleging her cruelty as cause, and went to Maine to secure a divorce. The Maine court subsequently granted him a decree upon mere constructive service of the wife. She now sues for a divorce in New </p><p>This content downloaded from 194.29.185.20 on Fri, 23 May 2014 12:22:13 PMAll use subject to JSTOR Terms and Conditions</p><p>http://www.jstor.org/page/info/about/policies/terms.jsp</p><p>Article Contentsp. 489</p><p>Issue Table of ContentsHarvard Law Review, Vol. 31, No. 3 (Jan., 1918), pp. 321-500Indirect Encroachment on Federal Authority by the Taxing Powers of the States [pp. 321-372]The Schools of Jurisprudence. Their Places in History and Their Present Alignment [pp. 373-411]The Sherman Act [pp. 412-446]Premiums and Discounts in Trust Accounts [pp. 447-469]NotesStatus of Alien Enemies in Courts of Justice [pp. 470-475]Race Segregation Ordinance Invalid [pp. 475-479]Liability of Charitable Corporations for Tort [pp. 479-482]Boycotts on Materials [pp. 482-485]Proceedings In Forma Pauperis [pp. 485-487]</p><p>Recent CasesAdministrative Law. Power of Administrative Officer to Reverse a Prior Ruling [pp. 487-488]Admiralty. Jurisdiction. Workmen's Compensation Law Conflicts with Maritime Law [p. 488]Adoption. Right of Inheritance. Effect of a Subsequent Adoption on the Right to Inherit under a Prior Adoption [pp. 488-489]Bankruptcy. Property Passing to Trustee. Choses in Action. Assignment of Future Book Account [p. 489]Conflict of Laws. Jurisdiction for Divorce. Extraterritorial Effect of Divorce. Domicile of Married Woman [pp. 489-490]Constitutional Law. Due Process of Law. Limitation of Police Power. Prohibition of Employment Agencies [pp. 490-491]Constitutional Law. Impairment of Obligation of Contracts. Change of Remedy. Appointment of Special Tax Collector [pp. 491-492]Corporations. Corporate Powers. Guaranty of Bonds [p. 492]Equity. Exercise of Jurisdiction. Suspicion of Improper Motive as Ground for Refusing Relief [pp. 492-493]Extradition. Interstate Extradition under the United States Constitution. Fugitive from Justice: Prisoner Brought from Requisitioning State by Extradition Proceedings [p. 493]Public Officers. Liability for Private Moneys [p. 494]Taxation. Property Subject to Taxation. Alimony Not Subject to Income Tax [pp. 494-495]Wills. Construction. Disposition of Annuity on Death of Annuitant [p. 495]Wills. Execution. Publication by Interpreter [pp. 495-496]</p><p>Book ReviewsReview: untitled [pp. 496-497]Review: untitled [pp. 497-498]Review: untitled [pp. 498-499]Review: untitled [pp. 499-500]</p></li></ul>