Summary

Portrait of Henry Billings Brown Henry Billings Brown Girard Life Insurance Annuity Trust Company v…

The work done having thus received the sanction and approval of the court, it can make no difference, so far as the legal aspect of the case is concerned, whether the contract was executed by one or both of the receivers. Indeed, in view of the fact that two or more receivers of a railway are frequently appointed, who sometimes reside at considerable distances from each other, we are unwilling to say that a contract may not lawfully be made by one of such receivers, which shall be binding upon the estate.
Source: Wikisource

Portrait of Henry Billings Brown Henry Billings Brown Girard Life Insurance Annuity Trust Company v…

Gowen, who appears to represent more particularly the interests of the bondholders, and knew the work was being done, had desired to know the terms upon which Cooper & Son were doing the work, he might easily have informed himself, as he had done before, and called the attention of the court to the matter, when, it may be assumed, the court would have protected his rights.
Source: Wikisource

Portrait of Henry Billings Brown Henry Billings Brown Girard Life Insurance Annuity Trust Company v…

The contract having been fully performed, evidence of the actual value of the work and materials was irrelevant, and in this view of the case the master did not err in ruling it out, and holding the receivers to the contract. 'The true value of the work done and materials furnished' may be, with entire appropriateness, said to be the value which the parties have deliberately and knowingly put upon them, and 'the amount justly and equitably due' the contractor under such circumstances is the amount which the receiver has promised to pay him.
Source: Wikisource

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