Cox v. Philadelphia Pottery Co.

Citations

• 214 Pa. 373
• 63 A. 749
• 1906 Pa. LEXIS 664

Syllabus

<p>Corporations — Assignment of property and business to corporation — Agreement to pay debts — Evidence.</p> <p>Where a person indebted assigns all of his property and business to a corporation in consideration of the latter paying his debt, a creditor of the assignor may maintain an action against the corporation, and may prove the assumption of the debt by the corporation by showing that the corporation paid other debts of the assignor, had entered in its books his own debt as a liability against the company, and had made payments on account of it.</p>