Vermont-Peoples' National Bank v. Robbins' Estate

C. 0. Robbins and Dennison Cowles, under the firm name Robbins & Cowles, carried on a partnership business in Brattleboro for a long time prior to January 1, 1918. The firm did its banking business with the Peoples’ National Bank, and from time to time borrowed money therefrom. On or about the date mentioned, the members of the firm formed a corporation under the name Robbins & Cowles, Inc., and the business continued under the same ownership and management. The corporation assumed the bank debts of the partnership, and on September 15, 1918, to cover such debts, it gave the Peoples’ National…