Pearce v. Suggs & Pettit

L. B. McFarland, Sp. J.

Prior to the 11th March, 1884, Complainant Pearce and Defendants Pettit & Suggs were partners in the grocery and commission business in Memphis. One McElroy was the book-keeper of the firm. This firm had existed from 1st June, -1880. On the 11th March, 1884, Pearce sold his entire interest in the firm to *726Pettit ■ for $20,750, of which $15,000 was cash, and balance — $5,000—in twelve months, with interest. Pettit was also to pay Pearce’s half of a $1,500 note due Hernando Insurance Company. This agreement was reduced to writing and signed by the parties.

On the 14th…