Dingle v. Camp

In August, 1919, appellants, being then the owners or in control of all of the capital stock of *394the Endicott Hardware Company, a corporation, entered into a contract to sell all of snch stock to respondents. A written agreement evidencing* the terms of the sale was executed, which, among other things, provides that the vendors guarantee that the bills and accounts receivable of the corporation amount to $56,059.05; “that the indebtedness of said corporation in the nature of bills payable and accounts payable, or in any other way, does not exceed the full sum of $40,704.39, and are accurate…