Stepper v. Bruenn
Stepper v. Bruenn
Opinion of the Court
Action to dissolve a partnership and for an accounting. Appellant demands a trial de novo under the Newman act. The evidence covers something over 250 printed pages and an enormous amount of exhibits, including the partnership books of account. No question of law is involved, but it has been the duty of the court to go through this mass of figures and testimony, and make the accounting between the two members of the partnership. This has been done with care by this court, but we do not believe the' public interest will be in any manner subserved by setting forth those figures in this written opinion. We will therefore content ourselves with a brief statement of the facts, and announce the result which we have reached.
In the year 1906, plaintiff and defendant resided in the town of Ashley, North Dakota, plaintiff being engaged in a small farm machinery and implement business and defendant running a hardware store. On the 7th of April of that year, they entered into a partnership under the name of Stepper & Company for the purpose of conducting plaintiff’s farm implement business. Defendant continued his hardware business individually.
In January, 1907, a new partnership was formed between those parties which took over both the implement and hardware concerns. No articles of copartnership were drawn, — the agreement was entirely oral. The assets consisted of notes and accounts owing to the two old businesses, the hardware stock, and some implement stock. The liabilities consisted of the debts of the two old concerns. Plaintiff was to do the outside work, selling the farm implements, etc., while defendant was to stay in the hardware store and keep books of the entire business. . Owing to the fact that defendant contributed a larger share of the assets, he was to receive $400 in profits before there was any further division thereof, after which the profits were to be divided evenly. About December 1, 1907, the two parties, being dissatisfied with the situation, had an understanding which is given by
Judgment of the trial court is therefore affirmed.
Reference
- Full Case Name
- GOTTLIEB STEPPER v. HENRY A. BRUENN
- Status
- Published