Essay v. Essay

The appellee asserts on rehearing that this court was in error in holding that “the net profits earned from April 13, 1960, to July 24, 1961, are to be shared equally, and that such rule applies until the partnership is terminated.” Upon a reconsideration of this point we conclude that the opinion was in error in this respect.

It is the general rule that the right of a partner to share in the profits earned by the continuance of a partnership business after its dissolution is founded upon the use to which such partner’s interest in the capital and assets of the partnership has been put in…