C. J. Farley & Co. v. Stoll

This suit was brought to recover on defendant’s personal indorsement of two promissory notes, executed to plaintiff by Specialty Dry Goods Shoppe, of which defendant was then a partner. Defendant pleaded release by composition in bankruptcy, and had directed verdict. The question is on the character and effect of the composition.

The bankruptcy proceeding was on involuntary petition against both the partnership and the individual partners. By stipulations and order of court, proceedings were stayed from time to time “for the purpose of permitting Earl D. Stoll to'make an offer of composition…