McLeod Motors, Inc. v. Hardy

Nichols, Judge.

1. “A sale by one partner of his interest in a mercantile business to his associates is not within the purview of the [Bulk Sales] Act.” Taylor v. Folds, 2 Ga. App. 453 (1) (58 S. E. 683); Yancey v. Lamar-Rankin Drug Co., 140 Ga. 359 *68(78 S. E. 1078). Therefore, the purported attempt to comply with the “Bulk Sales Act” (Code Ch. 28-2) was a useless gesture on the part of the members of the partnership when McLeod purchased Tatom’s interest in such partnership, and McLeod obtained no greater interest in the partnership property than the partnership had before such sale took…