54 Neb. 319 | Neb. | 1898
In October, 1892, Park Bros., a copartnership, owned a grocery stock and a drug stock in Waterloo, Nebraska, and on that date they sold their drug store to one J. M. Park, a brother of the individual brothers of the copartnership, but himself not one of said copartners. Subsequently J. M. Park became indebted to the Richardson Drug Company for drugs purchased. In December, 1892, Park Bros, failed and Meyer & Co. brought suit against them and caused both the grocery store and drug store to be attached as their property. The Richardson Drug
1. The first argument is that the petition of the drug company does not state a cause of action; or, as counsel for appellants put it, it shows upon its face that the drug company had a complete and adequate remedy at law for the relief sought by this injunction proceeding, and was therefore not entitled to the protection of a court of equity. This argument is untenable. The test of equity, jurisdiction is the absence of an adequate remedy at law; but an adequate remedy at law is one that is as practicable and efficient to the ends of justice and its prompt administration as the remedy in equity. (Bankers Life Ins. Co. c. Robbins, 53 Neb. 44, and cases there cited.) At the time the Richardson Drug Company obtained its
2. A second argument is, in substance, that the findings of the district court are not sustained by sufficient evidence. The district court found that the sale of the drug stock made by Park Eros, to J. M. Park in October, 3.892, was made in good faith and for a valuable consideration; in other words, that it was not fraudulent. The evidence sustains this finding. The district court further found that the agreement entered into between Park Bros., Meyer & Co., and J. M. Park which resulted in the drug stock being turned over to Meyer & Co. in satisfaction of the debt which Park Bros, owed them was fraudulent. The evidence sustains this finding. The decree of the district court is right and is
Affirmed.