Woelfel v. Thompson
Massachusetts Supreme Judicial Court
Contract, by one partner against another, after the settlement of the partnership affairs, to recover an ascertained balance. The case was submitted to the Superior Court, and, after judgment for the plaintiff, to this court on appeal, on agreed facts, the nature of which appears in the opinion. The case was submitted on briefs to all the justices except Field, C. J.
1Opinion of the CourtKnowlton, J.
The only question in dispute between the parties relates to the construction of the partnership articles in reference to the liability of the partners for losses. There were three partners in the firm, and the plaintiff and one Krehl were each to furnish five thousand dollars in cash as the capital stock. The defendant was to furnish no capital. The defendant and Krehl were each to devote their whole time to the business of the partnership, for which the defendant was to receive a salary of thirty-six hundred dollars per year, and Krehl was to receive two thousand dollars per year. The…
2Cases cited2 opinions
- Whitcomb v. ConverseMassachusetts Supreme Judicial Court · 1875
- Wheeler v. WheelerMassachusetts Supreme Judicial Court · 1872
3Cited by1 opinion
- Mallett v. KellarAppellate Division of the Supreme Court of the State of New York · 1904