Bonis v. Louvrier

Citations

• 8 La. Ann. 4

Syllabus

<p>Plaintiff and Defendant formed a commercial partnership. Plaintiff was to furnish the entire capital, upon which he was to received six per cent, interest and two-thirds of the profits. Defendant was to receive sixty dollars per month for his expenses and one-third of the profits. Plaintiff did not furnish the stipulated capital—and for want of sufficient means the partnership was dissolved with a loss equal to the whole amount of capital furnished. Held: Defendant was not liable for any portion of the loss, and was entitled to his sixty dollars per month. Both parties seek to avoid a loss, and it should be borne by him who was most in fault.</p>