Dan R. Hanna, Composing the Copartnership of M. A. Hanna & Company, as Trustees for Creditors of the New York…

Summary

The New York Court of Appeals reversed the Appellate Division, holding that the receivers' court order did not authorize them to assume the entire iron‑ore contract beyond 1908, that the defendant was not required to deliver ore to the receivers, that the guarantor was not estopped from denying liability for such deliveries, and that the plaintiffs' assignment did not convey a cause of action for breach.