CLAYTON’S RULE[Devaynes v. Noble (1816)]

Devaynes v. Noble (1816), a judgment commonly known as Clayton’s case as it laiddown the rule.It is to be noted that this rule applies only when there are several debts and notwhen there is a single debt. Devaynes v. Noble (1816) Mr. Clayton had an account with a banking firm, Devaynes, Dawes, Noble, and Co,that […]

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