New York Court of Chancery March 29, 1844 (Kinney v. M'Cullough)

The Assistant Vice-Chancellor.

When Halsey and M'Cullough dissolved their co-partnership, on the 31st of May, 1838, M'Cullough took all the assets of the firm, and agreed to pay all the co-partnership debts. The debt to Philippon, for which he held their unrecorded mortgage, was one of the debts which M'Cullough thus assumed to pay.