Phillips v. Walker-Craig Co.

SMITH, Chief Justice.

Rio Grande Hardware & Machinery Company was indebted to Walker-Craig Company in the sum of $979.35, evidenced by the debtor’s promissory note, and on September 22, 1932, in pursuance of prior negotiations, discharged the debt by selling certain articles of that value, out of its San Benito store, to Walker-Craig Company, which marked the note “Paid” and surrendered it, canceled, to the debtor in its principal office in Harlingen. The sale of the goods to Walke.r-Craig Company was evidenced by a charge slip in the San Benito store, where it remained as an account…