Jasper County Bank v. Rainey Bros.

1. Adams as administrator of Walker, deceased, filed a petition alleging that the estate of which he was administrator was insolvent. Among the creditors named were the firm of Rainey Brothers and Jasper County Bank, the former being creditors upon an open account which they asserted was a liquidated demand, because the account had been exhibited to Walker and by him acknowledged to be correct, and to secure its payment Walker had promised to give a mortgage upon his crops, and only delayed the execution of the mortgage because the crops were not up. There was evidence to support the…