Ripley v. Eady & Mayfield

1. The bill of exceptions in the present case alleges error in sustaining a demurrer to the plaintiff’s peti*423tion. The action was brought by Ripley, as receiver of the State Savings Bank. He alleged that Eady & Mayfield, a partnership, had made and delivered. to the bank a bond in the sum of $1,000, the condition of which was that if Eady & May-field failed and refused, on demand, to purchase from the bank certain shares of stock in a land company at the stipulated price of $1,000, then the makers of the bond were to be liable thereon. The petition alleged that the receiver had duly made upon…