PARTNERSHIP LIABILITIES.
A somewhat important and unusual partnership difficulty came before the Resident Magistrate atTimaru on Tuesday, February Bth., A. Fyfo, upholsterer, sued D. Mitchell for an amount due for furniture obtained from the late firm of Fyfe and Webb. It happened that Webb owed some money to Mitchell previous to bis entering into partnership with the plaintiff, and that it was arranged that Webb should repay the amount in cash or goods. Webb stated that his partner Fyfe knew nothing of this arrangement. The partnership was dissolved, and Fyfo having purchased the book debts now sued for the value of the goods. It transpired that since the dissolution Webb had became insolvent, and Mitchell failed to prove against bis estate. A nonsuit was applied for on the ground that the agreement between Mitchell and Webb was continued after the partnership. The reply was that one partner could not bo held responsible for s debt contracted by another partner previous to the partnership being entered into. Judgment was reserved.
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Bibliographic details
Globe, Volume XXIII, Issue 2173, 11 February 1881, Page 2
Word Count
169PARTNERSHIP LIABILITIES. Globe, Volume XXIII, Issue 2173, 11 February 1881, Page 2
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