Jones v. Walker - 103 U.S. 444 (1880)
U.S. Supreme Court
Jones v. Walker, 103 U.S. 444 (1880)
Jones v. Walker
103 U.S. 444
1. The last will and testament of A. directs that his interest in a firm whereof he was a member at the time of his death "be continued therein, and be chargeable for its debts and liabilities," but that his "other property shall not be so chargeable." Held that the general assets of his estate are not bound for the debts of the firm which were contracted subsequently to his death.
2. The profits arising from that interest were, pursuant to the will, paid from time to time, the firm being then free from debt, and its capital undiminished. It afterwards became bankrupt. Held that the legatees receiving them were not liable to the assignee in bankruptcy therefor.
The facts are stated in the opinion of the Court.