Dissolution
A Law Dictionary, Adapted to the Constitution and Laws of the United States · John Bouvier · 1839
A Law Dictionary, Adapted to the Constitution and Laws of the United States
contracts. The dissolution of a contract, is to annul its effects between the contracting parties. This dissolution of a partnership, is the destruction of the partnership. Its dissolution does not affect the contracts which were made between the partners and others; so that they are entitled to all their rights, and they are liable on their obligations, as if the nership had not been dissolved. ee Vide article Partnership, and 3 Kent, Com. 27; Dane’s Ab. h.t.; Gow on Partn. Index, h.t.; Wats. on is understood the division of an intestate’s estate according to law.
The English statute of 22 and 23 Car. 2, c.
10, which was itself borrowed from the 118th Novel of Justinian, is the foundation of, perhaps, most acts of distribution in the several states.
Vide 2 Kent, Com. 343, note; 8 Com. Dig. 522; 11 Vin. Ab. 189, 202; Com. Dig. Administration, H.