Smith v. Shelden

Cooley, Ch. J.:

The legal questions in this case arise upon the following facts:

*45Prior to June, 1867, Eldad Smith, Isaac Place, and Francis B. Owen were partners in trade under the firm name of Place, Smith & Owen, and as such became indebted to defendants in error in the sum of nine hundred and sixty-nine dollars on book account.

*In the month mentioned the firm was dissolved by [*46] mutual consent, Place purchasing the assets of his co-partners and agreeing to pay off the partnership liabilities, including that to the defendants in error. On the second day of the following month Place informed…