Legal Opinion
Model Building & Loan Ass'n v. Reeves
New York Supreme Court
Decided January 15, 1921PublishedCited by 4 opinions
Action for fraud.
1Opinion of the CourtMcAvoy, J.
There has been a complete judicial settlement of the doctrine that the partners of a firm are liable for the frauds committed by either or any of them in the transaction and prosecution of the partnership enterprise; that the firm is bound for the fraud committed by one partner in the course of the transactions and business of the partnership, even when the other partners have not the slightest connection with, knowledge of or participation in the fraud. Story Part. 108; Griswold v. Haven, 25 N. Y. 595. The firm being liable for frauds committed by one of its members while acting for the firm…
2Cases cited3 opinions
- Griswold v. . HavenNew York Court of Appeals · 1862
- Finnegan v. . McGuffogNew York Court of Appeals · 1911
- Finnegan v. McGuffogAppellate Division of the Supreme Court of the State of New York · 1910
3Cited by4 opinions
- Bingham v. ZoltDistrict Court, S.D. New York · 1988
- Varga v. Credit-SuisseAppellate Division of the Supreme Court of the State of New York · 1958
- Model Building & Loan Ass'n v. ReevesAppellate Division of the Supreme Court of the State of New York · 1922
- Guild v. HopkinsAppellate Division of the Supreme Court of the State of New York · 1946