Jones v. Bartlett
Jones v. Bartlett
Opinion of the Court
The firm of Boles & Hull having made an assignment to the appellant for the benefit of their creditors, the respondent presented and filed his claim for allowance, according to the provisions of chapter 80, E. S., which was rejected by the appellant as such assignee, and, on appeal to the circuit court, it was allowed.
On the 12th day of February, 1877, Hull purchased of Boles one-half of his stock of goods, fixtures, machines, etc., and entered into copartnership with him in “ the business of merchant tailors and dealers in clothing, hats, caps and gents’ furnishing goods-, and in the buying and selling of all sorts of goods, wares and merchandise.” The whole stock and business were estimated of the value of about $16,000, and Hull was to pay Boles for one-half; $6,000, in cash, and one-half of about $4,000 of the “debts owing on the stock,” out of the proceeds of the partnership business.
In the meantime Boles has paid the whole of this $4,000, and all of the indebtedness against him personally on account of the concern, except this claim and a very small amount besides, and Hull has paid none of it out of his share of the proceeds of the business, or otherwise. The claim of the respondent consists of the indebtedness of Boles to him of over $700, for work and labor as a tailor in making coats for the concern, many of them for customers, and some of them to be sold with the stock, before the partnership was formed; and, continuing in the employment of the firm, of their indebtedness to him for like work and labor of about $150. He claims, in other words, that this previous indebtedness of Boles to him was a part of the $4,000 so assumed by the firm. It is objected by the learned counsel of the appellant, that this claim was not “ owing on the stock,” and therefore assumed by the firm. This language of the agreement, in its strictest and most literal sense, may mean unpaid consideration for the purchase of the stock, or that indebtedness which is a lien on the stock. But there is nothing in the agreement or circumstances
By the Qourt.— The order of the circuit court is affirmed, with costs,
Reference
- Full Case Name
- Jones v. Bartlett, Assignee
- Status
- Published