Boyd's Sureties v. Oglesby
Supreme Court of Virginia
On the 23d of October, 1835, Nicholas P. Oglesby and Robert G-ibbony entered into partnership for the purpose of carrying on a merchandizing business at the town of Evesham, in the county of Wythe, which was to last three years. Each partner was to put in $4.000 as capital in the concern; and for any other sums put in by either of them, he wras to be allowed interest.
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On the 23d of October, 1835, Nicholas P. Oglesby and Robert G-ibbony entered into partnership for the purpose of carrying on a merchandizing business at the town of Evesham, in the county of Wythe, which was to last three years. Each partner was to put in $4.000 as capital in the concern; and for any other sums put in by either of them, he wras to be allowed interest. Oglesby was to have the whole management of the business, for which he was to be allowed $350 a year ; and at the close of the partnership, after payment of debts and expenses, and the allowance to Oglesby, the capital furnished…
1Opinion of the CourtAnderson, J.
In April 1858, the widow and children, distributees of Nicholas P. Oglesby, dec’d, filed their bill in chancery in the Circuit court of Wythe county, against Thomas J. Boyd, administrator of said Oglesby, and his securities, and Robert Gibbony, surviving partner of Oglesby & Gibbony. The bill alleges the partnership of Oglesby & Gibbony, the death of Oglesby, the taking out letters of administration on his estate by said Boyd, and his undertaking, under an agreement with the surviving partner, to collect and settle up the business of the firm of Oglesby & Gibbony.; the payment to Gibbony on…
2Cases cited1 opinion
- Braxton, adm'r v. Harrison's ex'orsSupreme Court of Virginia · 1854