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DIRECTIONS for EXrs and ADMrs.
125
The third class, is of rent, bonds, and foreign
bills of exchange; also inland bills of exchange,
orders and negotiable notes, drawn
or passed after the first day of January, 1766.
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Method to be
observed in
the paying of
debts |
The fourth class, includes accounts, and all
other vouchers not comprehended in any of
the foregoing classes.
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All of which are to be paid off, in the order
following, viz.
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All judgments and decrees against the deceased,
or his estate, constituting the first class,
must be paid before an inferior debt, that is,
before any debt comprehended in the second,
third, or fourth class.
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If there are no judgments or decrees, then recognizances,
belonging to the second class,
must be discharged, before any other debt belonging
to the third or fourth class. And of
these two first classes, being debts of record, the
executor or administrator must take notice at
his own peril, that is, he must inform himself
by searching the records, or otherwise, if any
judgments are rendered against, or recognizances
entered into, by the deceased, in order to
stop payment, 'till those be satisfied. But of |
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