The Law Reports (Chancery Division)
[1934] Ch 235
[CHANCERY DIVISION]
In re
LENNARD.
LENNARD'S TRUSTEE
v.
LENNARD.
[1933. L. 501.]
1933 Nov. 14,
22.
CLAUSON J.
Principal and Surety
— Covenant to pay Annuity
— Bankruptcy of principal Debtor
— Proof by Annuitant for capital value of Annuity
— Claim by Trustee in Bankruptcy against Executors of deceased Surety to principal Debtor's share of Residue
— Right of Executors to indemnify Estate of Surety out of share
— Claim by Executors to such right of indemnity in respect of sums expended by them in excess of balance owing to Annuitant.