Schlicher v. Vogel

Beed, V. C.

On September 22d, 1897, a partnership was formed between Peter Schlicher, Louis Vogel and John B. White, under the firm name of White & Vogel. Schlicher was not to be known as a partner. Each member of the firm was to put in as capital $1,500. Vogel only paid $150 and gave his note to the' firm for the balance—$1,350—which note was endorsed by the firm and discounted in the Princeton bank.

This firm continued in the butcher and meat business at Princeton until October 22d, 1898, when Schlicher bought out Vogel’s interest in the firm. One of the terms of the agreement ¿o sell to…