| 释义 |
`1`Clayton's Case `2`
"DUHAIME'S ONLINE LEGAL DICTIONARY"
An English case which established a presumption that monies withdrawn from a money account are presumed to be debits from those monies first deposited; first in, first out. The proper citation is Devaynes v. Noble (1816) 1 Mer. 572) and the presumption is not applicable to fiduciaries, who are presumed to withdraw their own money first, and not trust money. |