Clamp v. Nolan

SMITH,- J.

In October, 1920, Jim Clamp, Jim T. Nolan,, and another entered into a partnership “for the purpose of purchasing and handling certain cattle.” Somé time during the first year the partnership purchased about 1500 head of cattle, in two bunches, with funds supplied exclusively by Clamp, for himself and his associates, whereupon Nolan executed and delivered to Clamp his two promissory notes as payment to Clamp of his proportionate share of the cost of the cattle. These notes were for the principal sums of $18,865.92 and $9,250.86, respectively. Subsequently, in August, 1923, the…