Case Name: Chambers Roy & Co., Limited, vs. S. A. Knapp et al.
Court: Louisiana Supreme Court
Jurisdiction: Louisiana
Decision Date: 1896-02-24
Citations: 48 La. Ann. 1156
Docket Number: No. 11,963
Parties: Chambers Roy & Co., Limited, vs. S. A. Knapp et al.
Judges: 
Reporter: Louisiana Annual Reports
Volume: 48
Pages: 1156–1156

Head Matter:
No. 11,963.
Chambers Roy & Co., Limited, vs. S. A. Knapp et al.
The debtors’ note given for an open account does not necessarily novate the debt.
A PPEAL from the Twelfth Judicial District Court for the Parish, of Calcasieu. Fournet, J.
Arséne P. Pujo for Plaintiff, Appellee.
D. B. Gorham, T. T. Taylor and Saunders & Miller for Defendants,. Appellants.
Argued and submitted February 10, 1896.
Opinion handed down February 24, 1896.
Rehearing refused June 25, 1896.

Opinion:
The opinion of the court was delivered by
Breaux, J.
The facts are similar to those in the case of A. Lehman & Co. vs. S. A. Knapp et als., ante, p. 1148, save that the plaintiffs held notes representing defendants' indebtedness to them. The acceptance of a note is not deemed a payment or novation unless the parties so agree.
It follows that if a corporation becomes indebted at. a time when those who organized it are in default in not properly indicating, as-the State requires, that it is a company limited, they are liable personally and are not discharged by the fact that their creditors accepted their note.
The judgment is therefore affirmed.