Fridge v. Caruthers

LECHE, X

On December 6, 1916, the Capital City Bank of Baton Rouge sold out all its assets to the Mercantile Bank of the same city, which assumed, as a consideration for its acquisition, all the liabilities of the Capital City Bank except its liability to its stockholders. Among the assets thus sold to the Mercantile Bank were a lot of bills receivable of doubtful value, listed as Schedule A. annexed to the act of sale, which were estimated to be worth $67,008.13. It was agreed in the sale from the Capital City Bank to the Mercantile Bank, in which act of sale Dr. John R. Fridge, Dr. J. A.…