Evered v. St. Croix Mines Corporation

The plaintiff brought this action to recover on three promissory notes aggregating with interest $2,410.33, one executed September, 1920, one April, 1921, and the other June, 1921, by the St. Croix Consolidated Mines, a corporation. The plaintiff was an indorser of the notes who paid them on default by the maker and brought this action, not against the maker, the St. Croix Consolidated Mines, but against the St. Croix Mines Corporation, on the theory that it succeeded to and acquired all of the assets real and personal of the maker, and hence became liable for its debts.

The case was tried to…