Witz v. Tregallas
Court of Appeals of Maryland
Appeal from a decree of Circuit Court No. 2, of Baltimore City (Wickes, J.), directing an Auditor of the Court to state an account between the parties in accordance with the terms of the award of certain arbitrators filed in the cause.
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Appeal from a decree of Circuit Court No. 2, of Baltimore City (Wickes, J.), directing an Auditor of the Court to state an account between the parties in accordance with the terms of the award of certain arbitrators filed in the cause. The parties were members of the late firm of Witz, Biedler & Co. During the existence of the firm, the written articles of copartnership were orally modified by unanimous consent in some important particular^ — methods of crediting interest different from those provided in the articles were adopted; annual adjustments of capital accounts were made instead of…
1Opinion of the CourtBoyd, J.
On the first day of January, 1881, Isaac Witz, Levi Witz, Wm. T. Biedler and Samuel R. Tregallas entered into articles of copartnership, by which it was agreed what each partner was to contribute to the capital, what interest thereon was to be paid, what share of merchandise on hand each was to receive in the event of dissolution of the firm, and that the copartnership should continue for the term of three years. It was further agreed that after paying all expenses and losses the appellee was to receive one-tenth of the profits, and that the remainder should be divided equally between the…
2Cases cited6 opinions
- Ebert v. EbertCourt of Appeals of Maryland · 1853
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- Goldsmith's Adm'r v. TillyGeneral Court of Virginia · 1802
- Heuitt v. State ex rel. BrownCourt of Appeals of Maryland · 1823
- State ex rel. Calvert v. WilliamsCourt of Appeals of Maryland · 1850
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- Roberts Bros. v. Consumers Can Co.Court of Appeals of Maryland · 1905
- Parr Construction Co. v. PomerCourt of Appeals of Maryland · 1958
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