Ross v. Cornell
Ross v. Cornell
Opinion of the Court
Upon looking into the record we are of opinion that the action cannot be maintained. The accounts of the copartnership in which the defendant and the plaintiffs had been concerned for some two years, do not appear to have been settled and a final balance ascertained—certainly not within the rule which permits a suit at law for the recovery of such balance. The complaint itself sets forth several matters which appear to be yet unsettled: the sale of the interest of the defendant in the sawed lumber, by the plaintiffs; the. expenses attending the sale of the same; the amount raised thereon; how it was applied; whether it was sufficient to pay off the outstanding indebtedness, etc. Besides, it is not easy to see upon what principle the plaintiffs are to maintain a joint action at law against the other member of the late firm. The dissolution of the copartnership necessarily severed the copartnership relations of each of its members.
It may not at this day be necessary, in order to maintain an action at law against a copartner, or one who had been such, to show an express promise to pay a sum of money already ascertained as the balance due, but it is necessary' that the balance itself must be one which has been ascertained by the act of both parties—in other words, agreed to as constituting a balance due.
Judgment reversed and cause remanded.
Reference
- Full Case Name
- ROSS AND FRANCIS v. CORNELL
- Cited By
- 18 cases
- Status
- Published
- Syllabus
- Suit at Law by One Partner Against Another.—If a copartner, even by consent, retires from the firm of which he is a member, a suit at law cannot be maintained against him by the members who remain in the firm, for money alleged to be due from him to them in the copartnership transactions, unless there has been a final settlement of all the firm accounts and a balance has been struck. Idem.—In such case, if there are two or more members who remain in the firm, they cannot maintain a joint action at law against the member who retired from the firm. Effect of One of Several Partners Eetiring from the Firm.— If, in a case where there are several members of a partnership, one of them, even by consent, retires from the firm, this dissolution necessarily severs the copartnership relations of each of its members. What Necessary, for Partner to Sue Copartner at Law.—It may not be necessary, in order to enable a partner to maintain an action at law against a copartner, or one who has been such, to show an express promise to pay a sum ascertained as a balance due, but the balance itself must be one which has been ascertained by the act of all the partners, and agreed to as constituting such balance.