Erickson v. Grande Ronde Lumber Co.
Oregon Supreme Court
94 P.2d 139 (1939)
Relevant factsFree
Grande Ronde Lumber Co. (defendant) owed Erickson (plaintiff) for accounting services, and while the debt remained outstanding, Stoddard Company (defendant) purchased all of Grande Ronde's assets and assumed all its debts; Erickson sued both companies together in one action, and after being found liable, the defendants sought rehearing, arguing Erickson could sue only one of them.
IssueFree
Whether a creditor owed money by a business that conveys all its assets and indebtedness to another company has a right of action against both the original debtor and its successor.