Callaway v. Pearson

Court of Appeals of Georgia

Callaway v. Pearson

94 S.E. 817, 21 Ga. App. 565, 1918 Ga. App. LEXIS 408

CourtCourt of Appeals of Georgia

DecidedJanuary 21, 1918

Docket8729

StatusPublished

Cited by8 cases

This text of 94 S.E. 817 (Callaway v. Pearson) is published on Counsel Stack Legal Research, covering Court of Appeals of Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Callaway v. Pearson, 94 S.E. 817, 21 Ga. App. 565, 1918 Ga. App. LEXIS 408 (Ga. Ct. App. 1918).

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Opinion

Bloodworth, J.

The original ease between these parties was carried to the Supreme Court, and is reported in 139 Ga. 540. The facts as stated in the decision of that court are as follows: “A partnership composed of C. and Y. sold their business and property to a partnership composed of C. and P., the trade being effected by the partner who was the1 common member of both firms. In part the consideration of the sale was that the purchasing firm assumed all the debts of the selling firm, and that the purchasing firm was to give its note to partner Y. of the'selling firm, for a stated amount. The transaction was consummated by the execution of a deed. Subsequently the purchasing firm paid certain items of indebtedness of the selling firm, which were not disclosed to P. at the time of the sale; and partner Y., of the selling firm, collected certain accounts, which Trad been sold to the purchasing firm, and appropriated the proceeds to his own use. The note contracted to be given to Y. by the firm of C. & P. was executed by C. in behalf of the firm of C. & P., and was for a larger sum than that agreed on, and the note was transferred, before due, to an innocent holder, who sued upon it to judgment, which judgment was paid by P. Two years after the sale P. brought suit against C. and Y., alleging the foregoing facts, and 'that there are no debts owing by the said firm of [C. & P.], and no credits of said firm, and were hone when this suit was filed/ praying for an accounting from C. and Y. as individuals, and for [567]*567judgment for a stated sum representing the excess of the note given by C. & P. to T. over that agreed upon, and one half of the other several amounts referred to above.” The Supreme Court held that the only right of action P. had was for the tort. On the second trial the pleadings were amended to conform to the ruling of the Supreme Court, and the plaintiff proceeded for the tort only, and a verdict was rendered in his favor. The defendants made a motion for a new trial, which was overruled, and they excepted.

It is not necessary to add anything further to what is ruled in the headnotes.

Judgment affirmed.

Broyles, P. J., and Harwell, J., concur.

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Bloodworth, J.

The original ease between these parties was carried to the Supreme Court, and is reported in 139 Ga. 540. The facts as stated in the decision of that court are as follows: “A partnership composed of C. and Y. sold their business and property to a partnership composed of C. and P., the trade being effected by the partner who was the1 common member of both firms. In part the consideration of the sale was that the purchasing firm assumed all the debts of the selling firm, and that the purchasing firm was to give its note to partner Y. of the'selling firm, for a stated amount. The transaction was consummated by the execution of a deed. Subsequently the purchasing firm paid certain items of indebtedness of the selling firm, which were not disclosed to P. at the time of the sale; and partner Y., of the selling firm, collected certain accounts, which Trad been sold to the purchasing firm, and appropriated the proceeds to his own use. The note contracted to be given to Y. by the firm of C. & P. was executed by C. in behalf of the firm of C. & P., and was for a larger sum than that agreed on, and the note was transferred, before due, to an innocent holder, who sued upon it to judgment, which judgment was paid by P. Two years after the sale P. brought suit against C. and Y., alleging the foregoing facts, and 'that there are no debts owing by the said firm of [C. & P.], and no credits of said firm, and were hone when this suit was filed/ praying for an accounting from C. and Y. as individuals, and for [567]*567judgment for a stated sum representing the excess of the note given by C. & P. to T. over that agreed upon, and one half of the other several amounts referred to above.” The Supreme Court held that the only right of action P. had was for the tort. On the second trial the pleadings were amended to conform to the ruling of the Supreme Court, and the plaintiff proceeded for the tort only, and a verdict was rendered in his favor. The defendants made a motion for a new trial, which was overruled, and they excepted.

It is not necessary to add anything further to what is ruled in the headnotes.

Judgment affirmed.

Broyles, P. J., and Harwell, J., concur.

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94 S.E. 817, 21 Ga. App. 565, 1918 Ga. App. LEXIS 408, Counsel Stack Legal Research, https://law.counselstack.com/opinion/callaway-v-pearson-gactapp-1918.

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