Mims v. Stephens County-Ranger Oil Co.

DUNKLIN, J'.

The members of the partnership firm of the Cisco Furniture Company recovered a judgment against the Stephens County-Ranger Oil Company, an unincorporated joint stock company or association, and W. R. Tomlinson and B. H. Lauderdale, as sureties for the amount due on a promissory note executed by said company as principal and Tomlinson and Lau-derdale as sureties.

Tomlinson, as president of the company, had induced Lauderdale to purchase some of its capital stock upon an agreement that, should Lauderdale become dissatisfied with the purchase, the company would take back the stock and…