Chambers Roy & Co. v. Knapp
Cases that cite this one
2 later published cases cite this decision.
- Hartson, Inc. v. Brawley & Watson, Inc. (La. Ct. App. 1965)
- W. W. Carre Co. v. E. J. Stewart & Co. (La. 1928)
This list shows which later cases cite this one. It does not say how they treated it, and no review of that has been done. Not a substitute for Shepard’s or KeyCite — verify before relying.
Opinion of the Court
The opinion of the court was delivered by
The facts are similar to those in the case of A. Lehman & Co. vs. S. A. Knapp et als., ante, p. 1148, save that the plaintiffs held notes representing defendants’ indebtedness to them. The acceptance of a note is not deemed a payment or novation unless the parties so agree.
It follows that if a corporation becomes indebted at. a time when those who organized it are in default in not properly indicating, as-the State requires, that it is a company limited, they are liable personally and are not discharged by the fact that their creditors accepted their note.
The judgment is therefore affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.