Eley v. Lyon

HOLDEN, J. —

May 30, 1932, Carl Prouty, a widower, was engaged in the business of contracting, and in operating a service station in the city of Boise. In addition to gas and oil, Prouty carried tires, inner tubes, belts, and other merchandise. On that day he made a financial statement to the Miller Rubber Products Company of Los Angeles, California, in which he represented his total current liabilities amounted to the sum of $400; that he was the owner of real and personal property of the net worth of $40,900. June 1, 1932, Prouty conveyed all his deeded real property to Alva Prouty, his…