Fulton v. Hughes
Fulton v. Hughes
Opinion of the Court
delivered the opinion of the court.
It was not error to set aside the first verdict and grant a new trial to the claimant.
The fact that Fulton, one of the partners, had sold out his interest in all the assets of the firm of Fulton & Hughes is undisputed, and since Fulton no longer had any interest in them, no instructions should have been given in reference to the distinction between firm debts and the individual debts of Hughes. The creditors of the firm had no lien upon the goods or choses in action which had previously belonged to the firm, but which, on its dissolution, became the property of Hughes, and since he alone was owner, he might lawfully appropriate them to the payment of any debt which he owed, whether it was a debt due by the late firm or by himself alone. Schmidlapp & Bros. v. Currie & Co., 55 Miss. 597.
An examination of the record satisfies us that errors were committed both for the plaintiff and the claimant, but we are also satisfied that any other result than a verdict for the claimant could not follow a new trial, and for this reason
The judgment is affirmed.
Reference
- Full Case Name
- L. G. Fulton v. M. J. Hughes
- Cited By
- 7 cases
- Status
- Published
- Syllabus
- 1. Partnership Assets. Sale by one partner to the other. Payment of individual debt. Mights of firm, creditors. Where one of two partners in a mercantile firm has bought his copartner’s interest in the firm assets, the former may dispose of them in payment of his individual indebtedness; and the firm creditors have no lien upon the assets and cannot avoid such disposition, notwithstanding it may have been agreed between the partners that he who bought the assets should assume and pay off the debts of the firm. Schmidlapp & Bros. v. Carrie ' 2. Evidence. Contradictory statements. Foundation therefor. Testimony in affidavit. Evidence of statements made by a witness contradictory of his testimony .is inadmissible, without the proper foundation therefor having been laid, even where the testimony sought to be contradicted is contained in an affidavit for a continuance, which the adverse party admits in evidence as the testimony of an absent witness, in order to avoid a continuance of the case.