Engelhard v. Schroeder

The opinion of the court was delivered by

Katzeotach, J.

This is an appeal from a decree in chancery. George F. Sehroeder and Morris Rogers were partners in a business conducted in the city of New York. The partnership agreement expired on December 1st, 1917. May D. Sehroeder, the wife of George J. Sehroeder, had advanced to the partnership’ and to a preceding partnership, in which Sehroeder and Rogers were members, upwards of $8,000. On January 5th, 1918, Sehroeder assigned to his wife accounts due the firm to the amount of $20,000 as security for the firm’s indebtedness to her. On January…