Administrators of Jennings v. Chandler

Wisconsin Supreme Court
Administrators of Jennings v. Chandler, 10 Wis. 21 (Wis. 1859)
Cole

Administrators of Jennings v. Chandler

Opinion of the Court

*25By the Court,

Cole, J.

Admit that the partnership will prove to be insolvent on final settlement, yet it is manifest that the administrators have a direct interest in reducing the liabilities of the partnership as much as possible, since the estate they represent may be holden for any such liability, after the partnership means are exhausted. If the appellant wishes to retain possession of the partnership property and continue the business, he can do so by giving the security required in the order. Under the circumstances we do not think this an unreasonable or onerous condition. See Hartz vs. Schrader, 8 Ves., 317; Burden vs. Burden, 1 Ves. & B., 170; Franklin et al. vs. Robinson, 1 J. C. R., 157; Bradford vs. Kimberly et al., 3 id., 431.

The order of the circuit court is therefore affirmed.

Reference

Full Case Name
ADMINISTRATORS OF JENNINGS v. CHANDLER
Cited By
2 cases
Status
Published