Stump v. Wilson

HatcheR, Judge:

In July of 1920 a partnership was formed by C. P. Wilson, E. M. Gibson and G. H. Pierson, under the name of Peoples Hardware Co., which engaged in a general hardware business in the city of Charleston. Wilson and Gibson contributed $4500.00 and Pierson $2000.00 to the partnership. On March 15,- 1921, Pierson sold his interest in the partnership to the other two partners for $3700.00, of which amount all has been paid except $1800.00 and its accrued interest. Gibson and AVilson agreed with Pierson to take over all of the firm assets and be responsible for the firm’s liabilities.…