Badders v. Checker Cab & Baggage Co.

The opinion of the court was delivered by

Mason, J.:

On June 20, 1922, the Checker Cab and Baggage Company bought of George S. Badders five Ford busses, in part payment for which it gave two promissory notes, one for $1,051, which has been paid and is not in controversy, and the other for $3,806.64, payable in monthly installments of $257.22. Badders sold the larger note to the Motors Finance Company, indorsing it with recourse. O. M. Estes, a member of the Checker company, arranged with the other members that he should surrender his stock and take the busses as his share of the concern, with…