Commons v. Snow

<p>Abstract of the Decision.</p> <p>1. Partnership, § 386*—when partner may sue another partner. One partner cannot maintain an .action at law against his co-partner, either in an original suit or by way of set-off, upon any transaction relating to the partnership business, unless there has been a final accounting and settlement of all the partnership matters, a balance is struck and a promise to pay such balance.</p> <p>2. Partnership, § 404*—what will he presumed after dissolution. After a partnership has been dissolved it will be presumed that there was an adjustment of the accounts, and that all accounts were taken into consideration in arriving at the amount to be paid the retiring partner, and that the debt of the selling'partner was taken into account in fixing the sale price.</p> <p>3. Partnership, § 337*—who may interpret effect of releases on dissolution. Where a partnership is dissolved, the effect of releases of claims in evidence is a question for the court’s interpretation.</p> <p>4. Contracts, § 164*—when contract need not he construed. Where language of a contract is unequivocal, although the parties may have failed to express their real intention, there is no room for construction, and the legal effect of the agreement must be enforced.</p> <p>5. Partnership, § 337*—when release of partner not restricted. A final clause of a general release executed to partners on dissolution, stating that the property shall be the undisputed personal estate of each partner, does not restrict or detract from the instrument as a general release.</p>