McLendon Hardware Co. v. Black

The Brady & Black Hardware Company was a corporation, capitalized at $40,000, doing business in Temple, Tex. W. A. Brady was president and owned $21,-500 of this stock. D. A. Black owned the remainder. In the early part of 1923 the corporation became insolvent and made an assignment of all its assets for the benefit of its creditors. Amongst the assets was an account against D. A. Black, amounting to $3,753.57, as shown by the books of the corporation, purchased at open outcry by appellant, and on which this suit was brought in the district court of Bell county. Appellant also attached…