Shelton v. Knight
Supreme Court of Alabama
Appeal from the Butler Chancery Court. Heard before Jm. A. EosteR. In 1865, Monroe P. Watts, James A. Branch and J. H. Bostwick formed a partnership; and, as partners, engaged in a general commission business in the city of Mobile, in this State, until the 17th March, 1866, when the partnership was dissolved, by mutual consent; and . by mutual agreement, Monroe P. Watts was alone authorized to close and wind up the unsettled business of the firm.
Read the full summary
Appeal from the Butler Chancery Court. Heard before Jm. A. EosteR. In 1865, Monroe P. Watts, James A. Branch and J. H. Bostwick formed a partnership; and, as partners, engaged in a general commission business in the city of Mobile, in this State, until the 17th March, 1866, when the partnership was dissolved, by mutual consent; and . by mutual agreement, Monroe P. Watts was alone authorized to close and wind up the unsettled business of the firm. Under this agreement Watts took the entire charge of the unsettled business of said firm, and proceeded with the settlement thereof, until about the…
1Opinion of the CourtSomebyille, J.
The bill in this ease was filed for the settlement of the partnership accounts of the late firm of Watts, Branch and Bostwick. The partnership having been dissolved, Watts was left in possession of the partnership books and assets with exclusive authority to wind up the business.-
After a careful examination of the evidence taken in the case, we are satisfied that the chancellor erred in one respect. The item of $1278.04, which was claimed as a credit in Watts, favor against the partnership, was improperly allowed to him. This item was for commissions for selling cotton, which had been…
2Cases cited2 opinions
- Routen v. BostwickSupreme Court of Alabama · 1877
- Colgin v. CumminsSupreme Court of Alabama · 1834
3Cited by3 opinions
- Glover v. HembreeSupreme Court of Alabama · 1886
- Porter v. LongMichigan Supreme Court · 1900
- Ruggles v. BuckleyCourt of Appeals for the Sixth Circuit · 1910