Legal Opinion

In re McDevitt

Pennsylvania Court of Common Pleas, Philadelphia County

Decided December 21, 1948No. 3142Published

1Opinion of the Court

Bok, P. J.,

The parties in interest are the surviving partner in a business and the executor of the other, now deceased, partner.

An agreement between these partners, who were brothers, provides, in paragraph 15, that if either should die, the survivor may continue the business, and that arbitration should be had as to the valuation of *291decedent’s interest if no agreement could be reached on that point.

The question of value went to arbitration, and the arbitrators fixed the value of decedent’s share at $150,-311.74.

Decedent’s executor then filed a rule to show cause why the award should not be…

2Cases cited17 opinions

  1. Philadelphia & Reading Coal & Iron Co. v. Northumberland County CommissionersSupreme Court of Pennsylvania · 1911
  2. Walter v. DuffyCourt of Appeals for the Third Circuit · 1923
  3. Patriotic Order Sons of America Hall Ass'n v. Hartford Fire InsuranceSupreme Court of Pennsylvania · 1931
  4. Appeal of Pennsylvania Co. for Insurances on Lives & Granting AnnuitiesSupreme Court of Pennsylvania · 1924
  5. Kemble's EstateSupreme Court of Pennsylvania · 1924

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