Vickers v. Thomas

Benham, Judge.

Appellant Vickers and appellee Thomas were partners in a certified public accounting firm. After the two men decided voluntarily to dissolve the partnership, the matter was submitted to the American Arbitration Association for “division of liabilities and determination of any amounts owing from one to the other as a result of asset and liability division.” The arbitrators decided Thomas was entitled to all the partnership’s net assets as of January 31, 1984, and determined Vickers was indebted to Thomas for the value of the net assets he had received after January 31, 1984.…