Guaranty Deposit Bank, Inc. v. Reedy

STEWART, Chief Justice.

In this action appellant bank, among other things, sued to recover a personal judgment against appellee, J. W. Reedy, as the original obligor on a contract transferred to the bank by appellee’s assignor, one Carl G. Stanfill. The chancellor decreed a personal judgment would not lie, and this appeal is from an order dismissing the action as to appellee.

On or about November 2, 1949, appellee and Carl G. Stanfill acquired a lease contract to certain coal lands in Leslie County and began mining operations thereon as "partners. On July 19, 1950, by a written agreement…