Haddock, Reed & Co. v. Crocheron

Citations

• 32 Tex. 276

Syllabus

<p>1—One partner of a firm can not, after a dissolution of the partnership, bind the other partner by a new engagement.</p> <p>3—A note given by one partner after a dissolution of the partnership does not bind the other partner, although given in the partnership name and in consideration or settlement of a subsisting partnership liability.</p> <p>3— The signing a note with the firm name “ in liquidation ” is of itself notice to the taker of the note that the partnership had been dissolved.</p> <p>4— The plaintiffs sued on a note given them in the name of a firm in liquidation. The defense was pleaded that the note was given by one of the partners after dissolution of the partnership, and without the authority of the partner sued. The plaintiffs then amended their petition and set up a partnership note in lieu of which the note first sued on was given. Meld, that against the original note thus set up by the amended petition, the statute of limitations continued to run until the amended petition was filed.</p>