Advance Rubber Co. v. Bershad

Judgment unanimously reversed upon the law, with thirty dollars costs to the appellant, and judgment directed.'for the plaintiff *827for the amount claimed, together with appropriate costs in the court below.

The status of a creditor to a firm, where one partner retires and the other assumes the existing obligations, is stated in subdivision 3 of section 67 of the Partnership Law of 1919, as follows: “Where a person agrees to assume the existing obligations of a dissolved partnership, the partners whose obligations have been assumed shall be discharged from any liability to any creditor of the…