Hines v. Dean
Hines v. Dean
Opinion of the Court
Opinion by
§ 690. Partnership debt; right of one partner to sue, as survivor, to recover upon, for his individual benefit. Where a note is given to a firm of three partners, and one of them dies, and the second is insolvent and ceases to pay any attention to the affairs of the firm, and with
§ 691. An adjustment is necessary to ascertain the individual interest of a partner. -An adjustment of the accounts of a partnership is necessary to a determination of the rights of the partners in the property of the firm. The interest of a partner consists in his proportion of whatever balance may ultimately be left after payment of the partnership debts and settlement of account between the partners, and neither partner has any exclu1 sive right to any part of the joint effects for any sum due him until a balance of account be struck. [Parsons on Partnerships, 329, 331; Speake v. Prewitt, 6 Tex. 252; Carter v. Bradley, 58 Ill. 101.]
§ 692. Bight of the maker who has executed a note to a partnership. It is the right of a maker of a note to joint partners to have all the partners bound by the judgment; and if one or two surviving partners refuse to join in the action to recover a debt due the firm, he might be made a party defendant, and be thus concluded by the judgment.
§ 693. Statute of limitations,‘ new suit. Where the plaintiff, by amendment, sets forth the same cause of
Reversed and remanded.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.