Miller v. Wagenhauser

When a partner purchases the interest of his co-partner, if this expresses the whole transaction, it follows of course that the purchaser assumes the liabilities of the concern, since he gets only the net share of *12Ms vendor after all joint liabilities are discharged. But if the agreement goes further, and expressly stipulates that the purchasing partner is to pay certain debts specifically described, this may reasonably be held to imply, without some overruling element, that, even as between themselves, other debts and liabilities remain a charge against both. This follows the well worn…