Carter-Montgomerie & Co. v. Steele & Brown
Carter-Montgomerie & Co. v. Steele & Brown
Opinion of the Court
Suit was commenced before a justice of the peace on the following promissory note:
“Dolls. $97.00. May 12, 1891.
One day after date we promise to pay to the order of Oarter-Montgomerie & Oo. Ninety-seven dollars, at ITartville, Mo., for value received, negotiable and payable without defalcation or discount, and with interest from date at the rate of ten per cent per annum, and if the interest be not paid annually, to become as principal and bear the same rate of interest.
Steele & Brown.”
The note was credited with a payment of $31.37 in lumber. The cause was taken by appeal to the circuit court, where it was tried by the court sitting as a jury. The testimony was that Steele and Brown were partners in the milling business at Hartville, Missouri, and that they bought wheat, corn and saw logs, manufactured meal and flour, and also lumber for sale; that Brown was the general manager of the business of the partnership; that he hired and discharged hands, bought grain, logs, etc., and had the general charge of the business of the firm; that plaintiffs were engaged in the general merchandise business in the same town (Hartville);
The correctness of the declaration of law given by the court depends upon the character of the partnership. If it was a nontrading concern, the instruction may according to some of the authorities be sustained. Deardorf v. Thacher, 78 Mo. 128. If on the other hand it was a commercial partnership, the instruction according to all the authorities was erroneous. That the partnership was a commercial one, admits of no doubt, in view of all the evidence. It bought logs, wheat and corn and manufactured them into lumber, flour and meal, and sold these products. It was engaged in the business of buying and selling personal property and selling it in a changed condition. Commerce is carried on by buying and selling. The fact that the articles are changed by being manufactured into something else, does not alter the fact— that does not change the commercial character of the transactions. Kimbro v. Bullett, 63 U. S. (22 How.)
Reference
- Full Case Name
- CARTER-MONTGOMERIE & COMPANY v. STEELE & BROWN, E. C. STEELE
- Cited By
- 1 case
- Status
- Published