Case Agrees, hoard before Cloud, J., at Fall Term, 1875, of YadkiN Superior Court. The following are the facts: Jamos A. Claywell, James L. Blackwell and William Masten entered into partnership for the purpose of merchandizing in the town of Wilkes-boro’ in 1853, for the term of three years. They continued in business only two years, when they eeased to transact business under the written articles of eo-partnership.
Cited by 1 later decisions — most recently February 1920
1 state decisions
Good law ✅— No negative treatment on recordhow we know
¶1
It is not denied that the- partnership was dissolved, by the plaintiff’s being adjudicated a bankrupt. It is also clear that the Statute of Limitations began to run from that date against any purchaser of the choses in action of the bankrupt at the sale by the assignee. It can make no difference whether such purchaser be a stranger or the bankrupt himself, as the latter, after the dissolution and adjudication, as a purchaser of the effects, stands upon the same footing as a stranger.
¶2
It is unnecessary to consider whether the limitation of three years, prescribed by Bat. Rev.,, chap. 17,. sec. 84,, or the
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limitation of two years, prescribed by the Bankrupt Act,applies ; for, according to either, the action is barred.
¶3
But as the plaintiff, in effect, admitted in this'Court that he could not recover, nothing more need be said.
¶4
There is error. Judgment reversed, and case dismissed at the cost of plaintiff, according to the case agreed.
