Amite Hardware Co. v. Pierce

The present suit is for the recovery of a claim founded upon an open account. There is little if any difference between the parties as to the correctness of the account. Both parties admit that plaintiff corporation was to accept in part payment, a share of its stock held by defendant and the controversy between the parties mainly involves the amount of credit due defendant for that share of stock. It was understood between the parties that defendant upon delivering and transferring the share of stock to plaintiff, was to receive credit in a sum equal to the value of the stock, but the…