Johnston v. Preer
Johnston v. Preer
Opinion of the Court
This was a bill filed by the complainant against the defendants, to correct an alleged mistake in the settlement of a mercantile partnership. It appears from the evidence in the record that the partners had a final settlement in 1860, which was acquiesced in by all the parties until the latter part of the year 1872, when the complainant discovered a mistake in the settlement of $802 96 in his favor. The defendants, in their answer, admitted the mistake as alleged by complainant, but insisted that the complainant was barred by the statute of limitations, but set up in their answer, in the nature of a cross-bill, that if the settlement was to be opened, that the complainant was indebted to them, and prayed that he might be decreed to pay the same. The complainant, in his answer to the defendants’ cross-bill, insisted that if defendants had any claim upon him on a full settlement over and above the $802 96, that the same was barred -by the statute of limitations. The complainant insists that he is not barred from recovering the $802 96, because the statute did not run against him until the discovery of the mistake. The defendants say, admitting the mistake, as you allege, and setting the settlement aside for that reason, and coming to a new settlement, you are indebted to us more than the sum of $802 96. To this claim of the defendants he pleads the statute of limitations. The complainant is willing to consider the settlement a mistake in his favor to the extent of $802 96 in one item of the settlement, but is unwilling to have the entire set
Let the judgment of the court below be affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.