Delp v. Edlis

Citations

• 190 Pa. 25
• 42 A. 462
• 1899 Pa. LEXIS 975

Syllabus

<p>Partnership — Failure to pay in capital — Damages.</p> <p>Where one of two partners fails to pay in a portion of his contribution to the capital stock, and the other partner continues in the partnership until the business is closed by mutual consent, the partner in default is liable for interest on the money not paid in, but is not chargeable with speculative profits which might have been earned by the use of said money.</p> <p>Partnership — Compensation for services.</p> <p>In the absence of a specific agreement, a partner is not entitled to receive compensation for his services in the partnership business.</p> <p>Partnership — Receiver—Evidence.</p> <p>Where the goods of a partnership have been in part destroyed by fire, and the portion saved has been appraised by the insurance adjusters and turned over to one of the partners, and such goods have been subsequently turned over by the partner’s administratrix to a receiver of the firm, and there is no evidence to show that the goods delivered to the receiver were not all the goods that had been received by the partner, the partner’s estate will not be charged with the difference between the appraisement of the adjusters and the appraisement made for the receivership.</p>