Oliver Wendell Holmes, Jr.

Summary

Oliver Wendell Holmes, Jr. Wm Filene's Sons Company v. Weed…

But when the Courts without statute take possession of all the assets of a corporation under a bill like the present and so make it impossible to collect debts except from the Court's hands, they have no warrant for excluding creditors, or for introducing supposed equities other than those determined by the ontracts that the debtor was content to make and the creditors to accept.
Source: Wikisource

Oliver Wendell Holmes, Jr. Wm Filene's Sons Company v. Weed…

We perceive no ground that would justify the rejection of the petitioner's proof for the whole sum subject to the discount agreed. Certainly the fact that the termination of the lease happened after the filing of the bill has no such effect, although the sum was not presently payable until then. When a statutory system is administered the only question for the Courts is what the statutes prescribe.
Source: Wikisource

Oliver Wendell Holmes, Jr. Wm Filene's Sons Company v. Weed…

Rent issues from the land, is not due until the rent day, and is due in respect of the enjoyment of the premises let. The twenty thousand dollars a year was to be paid whether the premises were enjoyed or not, upon a personal covernant that created a present debt, with no contingency except those possibly and lawfully accelerating the time in which it was to be paid.
Source: Wikisource

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