McCormick v. McCormick
Nebraska Supreme Court
This was an appeal from a decree rendered by Savage, J., in the district court for Douglas county. The substantial facts in the case appear in the opinion. . I. The law of partnership gives the plaintiff peculiar rights; and he has also the additional rights and equities of one standing in a relation of trust and confidence.
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This was an appeal from a decree rendered by Savage, J., in the district court for Douglas county. The substantial facts in the case appear in the opinion. . I. The law of partnership gives the plaintiff peculiar rights; and he has also the additional rights and equities of one standing in a relation of trust and confidence. A partner has a lien, a specific lien on the present and future property of the firm, for his share of the capital stock, and funds, and for all money advanced by him for the use of the firm, and also for all debts due the firm for money abstracted by another partner from…
1Opinion of the Court
Maxwell, Oh. J.
On or about the fifteenth day of March, 1865, the plaintiff and defendants Josiah and John McCormick, and Jesse H. Lacey, entered into partnership as wholesale grocers, in the city of Omaha, under the name and style of John McCormick and Co. The plaintiff paid into the concern, as a part of the capital stock, the sum of $7,768.92, Josiah S. McCormick the sum of $1,560.-70, Jesse H. Lacey $19,194.91, and John McCormick the sum of $5 5,343.17. The partnership was to continue as long as mutually agreeable to the parties. The profits of the firm were to be divided as follows: The…
2Cited by3 opinions
- Shulkin v. ShulkinMassachusetts Supreme Judicial Court · 1938
- Bosworth v. HopkinsWisconsin Supreme Court · 1893
- Atherton v. WhitcombSupreme Court of Vermont · 1894