North Carolina Reports; Cases Argued and Determined in the Supreme Court of North Carolina Volume 22

North Carolina Reports; Cases Argued and Determined in the Supreme Court of North Carolina Volume 22

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1840 edition. Excerpt: ...bills charged that a creditor ot the firm had obtained judgment against the plaintiff, John A., and the defendant Nathan, as executors of the testator, of which the beneficial interest was in the defendant, Nathari, by assignment to a trustee for him, Chaflin.jrwho had caused an execution to be levied on the said slaves, Chlgmn so bequeathed to the plaintiffs, and threatened to sell them. The bills prayed an account of the estate of his testator, and that the legacies to the plaintiffs might be made good, and the residue distributed according to the will: That if the said firm should be found to be insolvent, the defendant, Nathan, might be declared to have continued a partner up to the death of the testator; and that said defendant and William W. Chaffin might each be held liable for an equal third part of the deficit; and that the defendant, Nathan, might be held bound so to administer the estate of his intestate, William W., that it might be applied thereto. The material parts of the defence, setup in the answer of Nathan Chaffin, the younger, were, that the co-partnership formed in 1812 (of which he admitted himself a member, ) was dissolved on the 8th day of May, 1818, by agreement between the partners; that he then received merchandise to the value of about $2,000; and that the other two partners received together to the value of $4,000, and then entered into a new business, in which Nathan, the elder, and William W. were the sole partners, under the same firm and name of W. W. Chaffin and Co., which continued until the death of the said persons. The answer stated that up to May, 1818 the business had been profitable, though no account had been stated, from which the profits might appear. That the books were retained by William W...
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Product details

  • Paperback | 182 pages
  • 189 x 246 x 10mm | 336g
  • United States
  • English
  • black & white illustrations
  • 1236860594
  • 9781236860590