Williams v. Rogers

The Chancellor.

According to the complainant’s own testimony he and the defendant, at the close of the alleged partnership transactions, met and adjusted the partnership accounts; the fact and amount of the loss was ascertained; and the defendant premised to pay the complainant (who had put in all the cash which the business used) his one-half part of the loss. Not only so, but the complainant testifies that the defendant actually paid on account of the loss the sum of $400.

If partners settle their accounts and admit a balance, an action at law will lie to recover such balance. Redden v.…