Hobbs v. McLean
Supreme Court of the United States
APPEAL PROM THE CIRCUIT COURT OP THE UNITED STATES FOR THE, SOUTHERN DISTRICT OP IOWA Tlie appfeLlees were the plaintiffs in the Circuit Court. The record .showed the following facts: On August 19, 1876, Major Card, a quarter-master in the army of the United ' States, advertised for bids for furnishing 6000 cords of wood and 800 tons of hay at the Tongue River Military Station, in Montana Territory.
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APPEAL PROM THE CIRCUIT COURT OP THE UNITED STATES FOR THE, SOUTHERN DISTRICT OP IOWA Tlie appfeLlees were the plaintiffs in the Circuit Court. The record .showed the following facts: On August 19, 1876, Major Card, a quarter-master in the army of the United ' States, advertised for bids for furnishing 6000 cords of wood and 800 tons of hay at the Tongue River Military Station, in Montana Territory. Campbell K. Peck, whose assignee in bankruptcy is the appellant, put in a bid, and, believing that the contract would be awarded to him, on August T9, 1876, enteredinto articles of copartnership…
1Opinion of the Court
Mr: Justice Woods,
after stating the case as reported above, delivered the opinion of the court.
The findings of fact made by the Circuit Court in fits final' . decree are, in our opinion, amply sustained by the evidence. These findings, and other facts not disputed,, establish prima fdeie the- justice and equity of the'decree.
Upon the facts of the case, the decree of the court is simply-to this effect, that, where three.persons form-a partnership,,and',, agree to bear the losses and share the profits of the partnership , . venture in proportion to their' contributions to its capital, and two…
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