Collner v. Greig

Citations

• 137 Pa. 606
• 20 A. 938
• 1890 Pa. LEXIS 1002

Syllabus

<p>1. As between the partners themselves, land held and treated by a firm as partnership property, especially if purchased and paid for with partnership money, is to be regarded as partnership assets, notwithstanding it was conveyed to the grantees as tenants in common: Warriner v. Mitchell, 128 Pa. 153.</p> <p>2. A sale by one partner, with the assent of the others, of all the interest of the former in the firm and its assets, to a third person, the purchaser to take the seller’s place and interest in the firm, will pass the seller’s interest in the firm’s assets, including the real estate.</p> <p>3. A subsequent conveyance by the outgoing partner of his interest in the real estate, without consideration, will give to the grantee no higher right than the grantor had, and will pass to him no interest in the land recoverable in ejectment against the prior purchaser.</p>