Dorrity v. Russell
The Superior Court of New York City
Appeal by the defendants from a judgment against them. The action wa,s tried before Mr. Justice Hoffman, without a jury, December 3, 1859. The parties herein had been partners, together with one William W. Vanderbilt, and had contributed equally to the partnership capital, and were to be in all respects equal partners.
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Appeal by the defendants from a judgment against them. The action wa,s tried before Mr. Justice Hoffman, without a jury, December 3, 1859. The parties herein had been partners, together with one William W. Vanderbilt, and had contributed equally to the partnership capital, and were to be in all respects equal partners. They had provided, by their partnership agreement, that either might withdraw, on six months’ notice, and that in case of such withdrawal the continuing partners might state an account, and go on with the business, and have one year to pay their balance to the retiring partner.…
1Opinion of the CourtBy the Court. Moncrief, J.
—The parties to this action had been partners (together with one Vanderbilt, who assigned his interest to the defendants in the month of November, 1855). By the articles of copartnership, fifteenth provision, it was agreed “that in the event of the dissolution of the copartnership, as hereinabove provided for, any time before its expiration by its own limitation, either by the death or retirement of either or any of its members, any two or more of the parties hereto may continue a copartnership; and in case of such continuance, a full, true and accurate statement and account of the interest…
2Cited by1 opinion
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