Diggs' Adm'r v. Brown

Citations

• 78 Va. 292
• 1884 Va. LEXIS 7

Syllabus

<p>1. Partnership-Real estate-Personalty.--Real estate purchased with partnership funds for partnership purposes, will be treated as personalty, and as liable for the debts of the firm, including debts due to any one or more members of the firm, before it can be subjected to the individual debts of the partners.</p> <p>2. Idem-Idem-Resulting trusts.-It matters not who may hold the legal title of such real estate ; the holder of that title will be treated as the trustee of the partnership and accountable accordingly.</p>