PARTNERSHIP ACCOUNTS
CASE AT GISBORNE.
By Telegraph—Press Association. Gisborne, March 20.
The case of Charles W. Ferris versus Frederick John Lysnar over partnership accounts was concluded at the Supreme Court on Saturday. The defendant controlled property on behalf of a partnership. Plaintiff claimed that there should have been more stock and more wool during the partnership. Defendant averred that losses of sheep were heavy on account of natural causes. The jury was absent for six hours, and unanimously decided that Lysnar did not deliberately conceal the financial position of the partnership from Ferris, but Ferris, had he known the financial position of the partnership would not haveentered into an arrangement asi was made in connection with the sale of property, and that Ferris knew only the bank liability. By seven to five‘ the jury agreed that Ferris was not entitled to charge Lysnar any amount in respect to his claim.
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https://paperspast.natlib.govt.nz/newspapers/DOM19210321.2.12
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Dominion, Volume 14, Issue 150, 21 March 1921, Page 3
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150PARTNERSHIP ACCOUNTS Dominion, Volume 14, Issue 150, 21 March 1921, Page 3
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