Green v. Waco State Bank

COLLARD, Judge.

The following propositions of law are contended for by appellant, and they are abundantly sustained by authority: After the dissolution of a partnership one of the partners can not bind the firm by new contracts or change the character of existing obligations, and a partner with general authority to settle up the business of the firm can not so bind it; but where a third party has had dealings with the firm, and without notice of the dissolution continues to deal with one of the partners in the firm name, or takes a note in settlement of an existing debt of the firm from one…