33 Ga. App. 507 | Ga. Ct. App. | 1925
1. A mercantile partnership may sell its entire stock of goods and retire from active business and still preserve its partnership entity for purposes of liquidation; and where such a partnership did both, a notice that the “store” had been “sold out,” given by a part
2. The partner not in fact executing such renewal note is nevertheless bound thereon in the absence of express notice to the creditor of objection by him to the execution of the renewal note. Bank of Covington v. Cannon, 133 Ga. 779 (67 S. E. 83); Civil Code (1910), §§ 3162, 3163, 3172, 3180.
3. In a suit by the creditor, on the note, against the partnership and both of the partners individually, where undisputed evidence establishes the facts stated above, a verdict against the partner who did not in fact join in' the execution of the note was properly directed.
Judgment affirmed.