TAYLOR, Justice.
Defendants Vernon P. Olmstead and O. Pearl Olmstead (appellant), husband and wife, owned and operated a business known as the Orchards Sport and Cabinet Shop. On and prior to January 1, 1954, defendants had become heavily indebted to creditors who had supplied them with merchandise used in the business. The claims of these creditors were assigned to the plaintiff (respondent). December 30, 1953, the defendants gave plaintiff an assignment of the assets...
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