Underhand agreement in joint composition
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 37 U.S. 178 - Clarke v. White · 1838Most cited · 67 citing opinions
If upon failure or insolvency, one creditor goes into a contract of general composition common to the others, at the same time having an underhand agreement with the debtor to receive a larger per cent, such agreement is fraudulent and void; and cannot be enforced against the debtor, or any surety to it.