Dillard & Coffin Co. v. Smith

The firm of Smith Bros, was composed of T. M. Smith and J. L. Smith, and was engaged in the mercantile business at Cedar Chapel, in Hard-eman County. On the' first of January, 1898, the firm sold its stock of merchandise, together with a house and lot, a mule, horse, two-horse wagon, and cow, to Samuel Smith, a brother, the recited consideration being the satisfaction! of a debt due to the brother from the firm of $580, and a note *374for about $1,570, payable to tbe firm April 1, 1898, tbe entire consideration being $2,158. It appears tbat all the property belonged to tbe firm, and was used as…