Ferdon v. Miller

The Chancellor.

In March, 1875, Christopher R. Miller and John Ferdon en*11terecl into copartnership in business, in Yew York. It was agreed between them that each should contribute half of the capital, which was to be $3,000. Miller not having the money to contribute his share, it was agreed between thorn that he and' his wife should give Ferdon their bond, secured by mortgage on property in Jersey City, the title to which was in Mrs. Miller, to secure payment of $1,500, to enable Ferdon to raise it. The bond and mortgage were given accordingly, and Ferdon having raised the money on his note for…