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9 Wis. 460

Vilas v. Farwell

Wisconsin Supreme Court

Decided November 9, 1859

Wisconsin Supreme Court · decided 1859-11-09

This was an action brought to the circuit court by an appeal from an order of the county court in probate, refusing to allow the account of the appellant against the estate of Edward Fisher, deceased.

Decided 1859-11-09

¶1*462By the Court,

Paine, J.

¶2Without determining in this case whether the complaint sets forth enough to show that Fisher ever became legally bound as a member of the joint stock company, of which there is much doubt, we think the judgment must be affirmed for the following reasons:

¶3It appears from the complaint that if there was any liability at all as between the parties to the undertaking, it was that of a partner. Fisher died, which worked a dissolution of the partnership; and after his death the survivors sold the property, real and personal, of the association, and all demands and claims due the same,” to the plaintiff. There is no question as to creditors in the case. And that being so, we think that the shares which the partners had originally agreed to pay in, is not such a claim or demand due the firm, as would pass on a sale by the survivors of the partnership property, including claims and demands due. Such a share unpaid, or any part of it, would be a matter to be adjusted upon an account between the survivors and the representatives of the deceased; but does not, in our opinion, constitute such a claim as can be transferred by the survivors, so as to enable the assignee to maintain an action for such unpaid share, independent of such an accounting.

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