Adams v. Wheeler

Mitchell, C. J.'

This is an appeal from a judgment in favor of Wheeler against Adams, for the amount of a debt due the former from the Adams Chilled Plow Company, which debt it is alleged the latter assumed to pay as part of the purchase-price of certain real estate conveyed to him by a trustee of the above-named company. The question for decision arises on the following facts:

In 1882, the company above named, an incorporated body, executed a mortgage on its real estate to secure a loan of $6j000, made to it by Edward R. Wheeler. Subsequently, the corporation, in the process of winding up its…