Gregg v. Hord

Citations

• 129 Ill. 613
• 22 N.E. 528

Syllabus

<p>1. Partnership—books of account of the firm—as showing the course of dealings, and the state of the accovmt between the partners. Although partners enter into a written agreement, stating the terms on which the business is to be conducted, yet if there be a long course of dealing, or a course of dealing not long, but still so long as to demonstrate that they have all agreed to change the terms of the original written agreement, they may be held to have changed these terms by their conduct. Such course of dealing may be shown by the partnership books.</p> <p>2. Where a partner knows of charges against the firm upon the books of the firm, and makes no objection or complaint against them as being improper, and repeated balances have been struck from such books, of the partnership accounts, the master, in stating the partnership account, will be warranted in holding that such books contain a true statement of the partnership affairs, and in adopting the various entries therein made.</p>