ACLI Government Securities, Inc. v. Rhoades

653 F. Supp. 1388 (1987)

Study Aids
Case Briefs Overview
Casebooks
Case Briefs
A
From our private database of 46,300+ case briefs, written and edited by humans—never with AI.

ACLI Government Securities, Inc. v. Rhoades

United States District Court for the Southern District of New York
653 F. Supp. 1388 (1987)

Play video

Facts

Daniel Rhoades (defendant) and Norma Rhoades were siblings and partners together in a law firm. They owned a parcel of real property together. Daniel owned three-fifths of the property and Norma owned two-fifths of the property. ACLI Government Securities, Inc. (AGS) (plaintiff) sued Daniel. AGS prevailed, and the court entered judgment against Daniel for over $1,500,000. On the day after the verdict and one day before the judgment was signed, Daniel conveyed his interest in the jointly-owned real property to his sister Norma for $1. The conveyance was secret and not disclosed by Daniel to counsel or the court, as required by an existing court order. The Rhoades claimed that the conveyance was for an existing antecedent debt owed by Daniel to Norma.

Rule of Law

Issue

Holding and Reasoning (Lasker, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 805,000 law students since 2011. Some law schools—such as Yale, Berkeley, and Northwestern—even subscribe directly to Quimbee for all their law students.

    Unlock this case briefRead our student testimonials

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.

    Learn about our approachRead more about Quimbee

Here's why 805,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 46,300 briefs, keyed to 988 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Access this case brief for FREE

With a 7-day free trial membership
Here's why 805,000 law students have relied on our case briefs:
  • Reliable - written by law professors and practitioners, not other law students
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents
  • Access in your class - works on your mobile and tablet
  • 46,300 briefs - keyed to 988 casebooks
  • Uniform format for every case brief
  • Written in plain English - not in legalese and not just repeating the court's language
  • Massive library of related video lessons - and practice questions
  • Top-notch customer support

Access this case brief for FREE

With a 7-day free trial membership

Casebooks

Debtors and Creditors

Key Terms