Holtgreve v. Wintker

Citations

• 85 Ill. 470

Syllabus

<p>1. Partnership—notice of dissolution—to relieve retiring partner from liability. Where a change takes place in a firm, by some members retiring, and where the same firm name is still used, such retiring members can only relieve themselves from liability by giving actual notice of such fact to former creditors who continue to deal with the firm. As to them, the partnership is presumed to continue the same as it was when they commenced to deal with it, until they in some way have actual notice a change has taken place.</p> <p>2. It makes no difference how such notice is given of a change in the firm, whether by the retiring members or by any other means, so that actual notice of the fact is brought home to the former correspondents.</p>