Fridge v. Bank of Baton Rouge

LAND,. J.

On December 6, 1916, the Mercantile Bank of Baton Rouge purchased from the Capital City Bank of that city its going business and entire assets, assuming all deposits and all liabilities, except as to the stockholders of the selling bank.

At the time of the purchase, certain assets, separately listed as “Schedule A,” were also taken over by the Mercantile Bank, at the price of $67,008.13, which was guaranteed in solido by Dr. Fridge, the plaintiff, Dr. J. A. Caruthers, A. Bauer, and A. A. Wren, shareholders and officers of the Capital City Bank.

On November 13, 1917, the Mercantile…