Real Estate Investment Co. v. Smith & Russel

Citations

• 162 Pa. 441
• 29 A. 855
• 1894 Pa. LEXIS 998

Syllabus

<p>Promissory notes — Partnership.</p> <p>In an action against a partnership upon a promissory note signed with the firm name, where the evidence is uncontradicted that the money was loaned to one of the partners for the express purpose of paying wages due by the firm, and there was nothing connected with the negotiation to suggest an improper use of the firm name or to put plaintiff upon inquiry, the other partner cannot resist payment on the ground that the money was not applied to the firm’s use, and that he had no knowledge of the existence of the note.</p>