Fassett v. Fassett

The plaintiff brought his suit to recover the value of his interest in a certain leasehold, being for the unexpired term of two years and nine months. The parties were originally partners in trade, and while prosecuting their business as co-partners acquired the lease, and upon a dissolution of the firm they were unable to agree as to its value for the time it had to run. They entered into a written agreement to submit the matter to three persons as arbitrators, but the persons designated to make the award were not sworn. Two of them met and made a valuation, but afterwards one of them…