Moody & Co. v. Lucier

Tlie defendant Lucier, being indebted to various persons and firms, and having a trader’s stock of goods witli teams and appliances used in bis business, entered into a copartnership with the defendant Chagnon. He conveyed to Chagnon one third interest in tlie goods and unpaid accounts, and Chagnon agreed to pay one third part of Lucier’s existing indebtedness and was to have one third of the profits of tbe business thereafter, and Lucier retained a lien on tbe goods for tbe payment of a third of tbe indebtedness. Tbe firm took possession of the goods and continued the business a week, when…