Real Estate Title Insurance & Trust Co. v. McNichol
Real Estate Title Insurance & Trust Co. v. McNichol
Opinion of the Court
Opinion by
The partnership of D. & P. McNichol was dissolved by the death of Daniel McNichol on or about April 9, 1900. The partnership accounts not having been settled, and there having been various matters in dispute between the executors of the deceased partner and the appellant, they agreed, on December 6,1901, in writing, to submit the settlement of the partnership accounts and the various matters in dispute between the parties in relation thereto to an arbitrator under a stipulation that his decision should be final and conclusive, and that the amount found by him to be due from either party to the other should be considered a debt presently payable, for which judgment might be entered by the party in whose favor the award should be made. On August 16,1902, the arbitrator or referee made his report, awarding to the estate of Daniel McNichol the sum of $3,679.81, but to this definite award he added the following: “To this sum are to be added one-half of any amounts received by the surviving and liquidating partner, Patrick McNichol, since February 11, 1901, for account of the old firm, together with one-half of any book accounts and municipal claims owned by the firm.” This at once destroyed the certainty of the award.
It was the intention of the parties to the submission that the referee should pass upon the unsettled partnership accounts and the various matters in dispute, and finally settle, by a definite and certain award, the liability of the surviving partner, or the representatives of the deceased, and for the amount of the award judgment was to be entered against the party against whom it might be made. It is a cardinal requisite of every award that it be certain: Henness v. Meyer, 4 Wharton, 358. The stipulation in this case was, that the amount found by the referee should be considered a debt presently payable,
The very essence of aAvards is certainty. They are to put an end to controversy between the parties and are to be certain and final: Spalding v. Irish, 4 S. & R. 322. In Zerger v. Sailer, 6 Binney, 24, there was an aAvard for £60 “ to be paid by the plaintiff deducting an unsettled account of the plaintiff’s against the defendant.” The award was held to be void, and it was said by Tixghman, C. J., “ It is neither certain, final nor conclusive. How much was to be paid by the plaintiff to the defendant ? No man can say. Before that question is answered, you must settle the plaintiff’s account and the settlement of that action may involve the parties in another suit.” So, here, to determine what moneys were received by the liquidating partner since February 11, 1901, and what book accounts and municipal claims are Owned by the firm and held by the surviving partner, may involve him and the representatives of a deceased partner in another suit. The judgment entered on this award should have been stricken off. No reason was given by the court for alloAving it to stand.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.