Shippen v. Thompson

M. W. Thompson sued W. H. Shippen for $3900, besides interest and attorney’s fees, alleged to be due upon five promissory notes executed by the defendant and held by the plaintiff as payee. The defendant’s answer as twice amended alleged that the notes were executed for a balance due on the purchase-money of the entire capital stock of Southern Stone Corporation, together with its entire assets, and that because the plaintiff had failed to pay and retire a certain indebtedness of the corporation according to one of the provisions of the agreement, the assets and stock of the corporation had…