1787-11-20 (static/transcriptions/1787/11/392.jpg)

Statute 1 Jac. 1. c. 15. Sect: 2 says Fraudulent conveyances shall be an Act of Bankruptcy. Other Acts that are fraudulent are not made Acts of Bankruptcy. But they are attended with the consequences of Fraud, at Law which is, “that Fraud renders every act void.”
All Acts to defraud Creditors or the public Laws of the Land are void: And if the nature of the Act be a Conveyance or Grant, ‘tis not only void, but an Act of Bankruptcy. It has been determined “that a conveyance by a Trader, of all his Effects, for the Payment of one or more bona fide Creditors of the must meritorious kind, though his Effects do not amount to half what is due, is void; because it is not an Act in the ordinary Course of Business; it is not such an Act as a Man could do, but it must be followed by an immediate Act of Bankruptcy and it is defeating the Equality that is introduced by the Attitudes of Bankruptcy &v.” But suppose he leaves out a considerable part of his Effects. If it appears to be only unfavourable, that don’t vary the Case; it is fraudulent. Suppose a Trader makes a Conveyance of all his Estate, for the payment of all his Creditors except one, (which was the Case of Gayner and in