case clayton versus luckin at the chancellor house Lord chancellor if the  lease household and shop good be assign over to another and he come into  possession and carry on the trade from that time they be to be consider as  money debt be assign in the assignee die those debt shall be presume to be pay  for which the security can not be find a person indebt on several account when  he pay money may apply it to what debt he please vern vern Chan Cas cro  Elizabeth forest the plaintiff file his bill to be relieve against a bind of  pound lend to he by the testator of the defendant and for a account of shop  and household good a lease of the house and of several debt which he have make  over to the testator by assignment and bill of sale as a collateral security  to pay pound per annum till the payment of the bind and the defendant bring a  cross bill for a account and a account be decree and a report make to which  the plaintiff except because the master have allow interest for the bind from  the date to the time of the report mosely report but have not allow for the  good lease and debt from the time of the sale and assignment in discount of  the interest and principal due on the bind and the Lord chancellor allow the  exception and order that it shall be refer back to the master and that the  defendant shall account for the lease and good from the time of the assignment  when his testator come into possession and carry on the trade for they be to  be mosely report er p consider as money from that time and for the debt from  the time they be or may have be receive without his wilful default and that  the assignment be in the testator shall be presume to have receive those debt  for which the security can not be find and that the money arise thereby the  plaintiff be likewise indebt to the testator by simple contract shall be first  apply to pay the interest due on the bind then the debt by simple contract for  it be in the power of the plaintiff to declare how the money shall be apply  and then the principal due on the bind Saturday January the that exception