Lee's Administrators v. Reed
Court of Appeals of Kentucky
Covenant. From the Circuit Court for Lincoln County. Origin of the con troversy, and the factsofthe cai?e- Bill Answer, Decree of the circuit court. A settlement of aco’ts between parties, each of whom is conversant with the transactions involved, is binding and ¿conclusive; the acc’ts will not be reexamined in chan eery, unless fraud or mistake in the settlement is alleged, and established by clear proof.
Read the full summary
Covenant. From the Circuit Court for Lincoln County. Origin of the con troversy, and the factsofthe cai?e- Bill Answer, Decree of the circuit court. A settlement of aco’ts between parties, each of whom is conversant with the transactions involved, is binding and ¿conclusive; the acc’ts will not be reexamined in chan eery, unless fraud or mistake in the settlement is alleged, and established by clear proof. Though much slighter evi dence may prevail against the conclusion resulting fromthesettlement, where one of the parties (e. g. an adm’r) had little or no knowledge of the transactions…
1Opinion of the Court
Judge Marshall
delivered the Opinion of the Court.
In March, 1819, John W. Reed, John Murrell and Ambrose Lee, who had previously been partners in the business of merchandising, dissolved their partnership; and Murrell, who purchased the interest of the other partners, became entitled to all the debts due to the late firm, and bound himself to pay all demands against it. On the first of May, 1819, John Murrell, James Reed, John W. Reed and James Murrell executed to Ambrose Lee, their joint and several obligation for the payment of six thousand and sixty-four dollars and fifty-one cents, on or…
2Cited by8 opinions
- State v. Illinois Central RailroadIllinois Supreme Court · 1910
- Caneer v. KentSupreme Court of Missouri · 1938
- Pickel v. St. Louis Chamber of Commerce Ass'nMissouri Court of Appeals · 1881
- Ehrmann v. StitzelCourt of Appeals of Kentucky · 1906
- McCormick v. Interstate Consolidated Rapid Transit Railway Co.Supreme Court of Missouri · 1900
3 more not listed; retrieve them via the Exa API.