Dammon v. Beecher

Citations

• 97 Cal. 530
• 32 P. 573
• 1893 Cal. LEXIS 586

Syllabus

<p>Partnership — Deposit of Monet with Managing Partner —Liability of Firm —. Money Had and Received. — Where money was deposited with the managing member of a partnership, who had full power to borrow money for the use of the firm, and sign notes in the name of the firm, and who deposited it with the firm funds, and gave a receipt therefor in the name of the firm, and used the money for the benefit of the partnership, the firm is liable in an action for money had and received, although the other partner was absent at the time the deposit was made, and had no knowledge of the transaction, and the receipt of the money was outside the regular business of the partnership.</p>