Edwards v. Kellogg

The petition filed by the plaintiff makes, in effect, the following case: The plaintiff and W. C. Thomas were partners in a mercantile business in the town of Blue Ridge, and o,n a day named the defendant purchased from the plaintiff his interest in the partnership at an agreed price of $1,650. By the terms of the agreement the defendant undertook to assume and pay off the plaintiff’s part of the indebtedness of the firm, and was entitled to all of the plaintiff’s interest in the partnership assets. The defendant also contracted to pay $150 of.the purchase-price in cash upon the consummation…