Bassett v. Bassett
Opinion of the Court
Judgment unanimously affirmed, with costs. Memorandum: We agree with the conclusion of Special Term that .the amended complaint fails to state a cause of action but dp not adopt its reasoning. Plaintiff and defendant were members of a partnership. Some years ago the partnership was dissolved (cf. Bassett v. Bassett, 27 A D 2d 704, mot. for lv. to app. den. 19 N Y 2d 583) and plaintiff received two cheeks for $20,000 and $21,093.98, respectively, representing repayment of his contribution of capital to the partnership and payment of his share of earnings and profits. Set forth on each check was a legend stating in substance that indorsement of the instrument would constitute a release of all claims arising out of plaintiff’s interest in the partnership. Plaintiff refused to indorse the checks and brought this action the gravamen of which is that defendant by placing the restrictive legend on the checks had in effect converted the amounts of the cheeks. The pleading fails
Case-law data current through December 31, 2025. Source: CourtListener bulk data.