Supreme Court of Alabama November 15, 1893 (Aiken v. Steiner)

COLEMAN, J.

The facts in the case are agreed upon, and present but one question for our consideration.

The partnership assets of a firm composed of two members are of less value than one thousand dollars, and the members of the firm own no other property. One member, who is insolvent, sells out for a cash consideration his entire interest in the partnership to his co-partner.