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''Flagg v. Walker'', , regards a case where the deeds for several parcels of land were transferred from Flagg, who was in financial difficulty, to Walker in return for paying off Flagg's debts and profits from the sale against a mortgage for other property owned by Flagg.〔(Flagg v. Walker, 113 U.S. 659 (1885) ) ''Justia.com''〕 ==Flagg's financial situation== William F. Flagg, one of the appellants, was the owner, in February 1875, of real estate in and near the City of Bloomington, Illinois, which may be generally described as follows: #A large manufacturing establishment, known as the Empire Machine Works, and about of land upon which it stood. #A tract of land containing about , known as "the pasture", situated in the northeastern part of the city. #Block No. 1, in Flagg's third addition to the City of Bloomington, containing about , on which stood his residence. This property is designated in the record as the "homestead". #A large number of lots in the city, most of them vacant, but on about ten of which were tenement houses. #A tract in Fayette County, Illinois, and lands in Pettis County, Missouri. He also owned a large amount of personal property, consisting mainly of the machinery and tools in the Empire Machine Works. At the time, Flagg was in financial difficulty in his business and owed over $50,000. The larger part of this indebtedness bore interest at the rate of ten percent per annum. Much of the real estate was covered by mortgages; his tenement houses were out of repair; he was largely in arrears for taxes and for interest on his indebtedness, and was in broken health. In this condition of his affairs, he sent for the appellee, Samuel Walker, who resided in Massachusetts, and who was the brother of his first wife, and made a statement to him of his financial condition. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Flagg v. Walker」の詳細全文を読む スポンサード リンク
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