Asch v. First National Bank in Dallas

On Motion for Rehearing.

Our original opinion contains this statement : “Certainly he did not agree to share any losses, had there been losses instead of profits under the contract.” Appellant says that we are in error because if appellant and appellee were engaged in a joint venture or partnership, as appellant contends, appellant would have been responsible for losses as a matter of law even in the absence of an express agreement that the partners would be liable for losses. 68 C.J.S. Partnership § 96, p. 536. Appellant says that our statement ignores this important principle of law, and…