Johnson v. Townsend

Jenkins, Justice.

The petition against a father, his two sons as partners with the plaintiff, and a secured creditor, alleged that the plaintiff bought all the personalty, comprising the original partnership assets, from their former owner for $2500, and they were worth this amount or more; that the plaintiff paid $1250 cash and the $1250 balance by notes secured with a retention-of-title contract; that the father bought from the plaintiff an undivided half interest in the business for $1250, by agreeing to pay and become solely responsible for the $1250 balance of purchase-money; that the…