First National Bank v. Simmons

Citations

• 98 Cal. 287
• 33 P. 197
• 1893 Cal. LEXIS 909

Syllabus

<p>Partnership —Note of Firm—Sale of One Partner’s Interest—Liability of New Partner—Nonsuit. — In order to render one who has purchased the interest of a partner in a firm liable upon a note executed by the firm prior to Ms purchase, it must be shown that, in some way, he assumed the obligation created by it; and in the absence of such showing, a nonsuit is properly granted in an action against him upon such note.</p>