Hunt v. Morris
Hunt v. Morris
Opinion of the Court
This is a bill in chancery, brought by John K. Morris against J. J. Hunt, for the divivision of partnership effects. A demurrer to the bill was overruled, and that is assigned for error.
The argument in support of the demurrer is, that the remedy is full, complete, and adequate at law.
Now, the bill shows that the raw material and manufactured articles were not divided. There was only an agreement to divide. Until divided they are joint assets, and the law has no remedy to specifically enforce the contract. It is true, the party in default may have sued for breach of the agreement to divide, in a court of law, but that remedy would
There was no error, therefore, in overruling the demurrer.
The decree of the chancellor is affirmed, and leave given to the demurrant to answer in forty days from this date, subject to a right in the chancellor to enlarge the time.
Reference
- Full Case Name
- J. J. Hunt v. John R. Morris
- Cited By
- 2 cases
- Status
- Published
- Syllabus
- 1. Paetheeshd? — Dissolution—Remedy_Whore partners hayo settled their partnership business and a balaneo in monoy is ascertained to be due from one to the other, an action at law ■will lie for such balance. So, if an actual separation of the partnership effects is made,, so that certain specific articles of property aro assigned as the sharo of oaoh, an action at law will lie for either party. If the community is severed only partially, touching particular assets, so that by agreement a separate ownership is established in one, then he has his legal remedy. 2. Equity jtousdiction. — 'Where the raw material and manufactured articles wore not divided, but only an agreement to divide, they remain joint assets until they are divided, and there is no remedy at law. Equity alone can dispose of the effects according to the partnership agreement.