Howe v. Kerr
Howe v. Kerr
Opinion of the Court
delivered the opinion of the court.
The uncontradicted evidence is that Kerr transacted the business in which he was engaged, in his own name, and that no sign was displayed at the place, disclosing that Montgomery had any interest therein; and that the property in controversy was “used and acquired” in that business. Under these circumstances, such property is, by express provision of the statute, liable for the debts of the person so transacting the business, and to be “in all respects treated, in favor of his creditors, as his property.”
There is no doubt that Kerr was indebted to his mother and Rhodes in sums equal to the full-value of the property sold to then'.. The real contention of appellants is that it was not competent for them to accept the partnership assets in payment of their demands against J. J. Kerr individually. But- the statute declares that, as to creditors, the property is to be treated as the property of Kerr. They might have subjected it to their demands by proceeding at law to judgment and execution, and what the law would have done it was permissible for the parties to do.
Affirmed.
Reference
- Full Case Name
- R. Howe v. Ada P. Kerr
- Cited By
- 3 cases
- Status
- Published
- Syllabus
- 1. Code 1880, § 1300. Debtor transacting business without sign. Silent partner. Under § 1800, code 1880, where one transacts business in his own name, without a sign at the place disclosing that another has any interest therein, all the property used in the business is liable for his debts; and this, although such other is interested in the business as a silent partner, and ^personally assists in carrying on the business, ostensibly as clerk. 2. Same.^ Sale by person transacting business. Individual debts. Since the property so used or acquired in the business, though owned by the firm, may be subjected to the debts of the person thus transacting business in his own name, he may sell it in payment of his individual ' debts, without the consent of the silent partner.