Callaway v. Pearson

The original ease between these parties was carried to the Supreme Court, and is reported in 139 Ga. 540. The facts as stated in the decision of that court are as follows: “A partnership composed of C. and Y. sold their business and property to a partnership composed of C. and P., the trade being effected by the partner who was the1 common member of both firms. In part the consideration of the sale was that the purchasing firm assumed all the debts of the selling firm, and that the purchasing firm was to give its note to partner Y. of the'selling firm, for a stated amount. The transaction was…