The right to set off unconnected cross demands, it is said, did not exist at common law. ( Green v. Farmer, 4 Burr., 2214-2221; but see Eden on Bank., 186.) It was created in England by the statutes of 2 George II, chapter 22, and 8 George II, chapter 24. This is mentioned, to point the further mention, that this right is to be limited by the terms of the enactments, as construed and settled by the courts. By those statutes, it was confined to mutual debts existing between th…
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