Carver Gin & Machine Co. v. Bannon & Co.

Under the firm name and style of E. J. Bannon & Co., Albert Paine and E. J. Bannon were partners in the ownership and operation of a cotton gin in the city of Memphis.

In the course of the business, for partnership purposes, and in the name of the firm, they contracted certain debts with the Carver Gfin and Machine Company, evidenced by several acceptances.

Subsequently Albert Paine, E. J. Bannon, and Margaret Bannon, in their individual names, executed their two joint notes to M. Cavin for $750 each; and on the same day Paine and Bannon conveyed their partnership property in trust to Sullivan…