Yorks v. Tozer
Supreme Court of Minnesota
Appeal by defendant, David Tozer, from a judgment of tbe District Court of Washington County, W. C. Williston, J., entered July 23,1894, against him and in favor of plaintiff, Thomas J. Yorks, for $520.11 damages and costs. Partners owe to each other the most scrupulous good faith.
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Appeal by defendant, David Tozer, from a judgment of tbe District Court of Washington County, W. C. Williston, J., entered July 23,1894, against him and in favor of plaintiff, Thomas J. Yorks, for $520.11 damages and costs. Partners owe to each other the most scrupulous good faith. Each one has a right to know all that the others know, and their connection is one of great confidence, and uberrima fieles will be the standard of the fidelity required of them. 1 Bates, Partnership, Title 2, ch. 4. This rule applies, and applies only, in cases where a partner has sought by concealment or false…
1Opinion of the CourtCanty, J.
It is conceded by both parties, and found by the court, that the plaintiff and defendant were partners in the purchase of a tract of land; that it was agreed by and between them that the title should be taken in the name of defendant; that he should advance the purchase price, and pay the taxes, and plaintiff should sell the land, and, after repaying defendant the money so advanced by him and 7 per cent, interest thereon, the balance of the proceeds of such sale should be divided equally between them. The land was so purchased April 23, 1883, for $450, and the title so taken. The land was…
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