Carter Bros. & Co. v. Bush

GAINES, Associate Justice.

O'Neal & Evans, partners engaged in mercantile business, being unable to meet their obligations, transferred .their assets, which consisted of goods and other personal property and credits, to the appellee; the goods to be sold and the credits to be collected so far as necessary for the payment of certain of their creditors. The conveyances stipulated that after the payment of the secured creditors the remainder of the. assets should be returned to them. As to the goods the instrument ‘is a chattel mortgage, and as to the notes and accounts, they are in the nature of…