Karrick v. Hannaman
Citations
- 168 U.S. 328
- 18 S. Ct. 135
- 42 L. Ed. 484
- 1897 U.S. LEXIS 1728
Syllabus
<p>A partner who, within the term stipulated in the articles of partnership for its continuance, undertakes, of his own will, and without the consent of his copartner, to dissolve the partnership, takes exclusive possession of its property and business, profitably carries on the business with the property for his own benefit, and excludes his copartner from any participation in the business or the profits, is liable (whether the partnership should or should not be considered as having been dissolved by his acts) to account to the copartner for his share of the property and of the profits of the partnership, according to the partnership agreement.</p>
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- holding that an antidissolution provision in partnership agreement should not prevent dissolution when one partner wrongfully excludes the other
- remarking that \[n]o partnership can efficiently or beneficially carry on its business without the mutual confidence and co-operation of all the partners.\
Source: CourtListener parenthetical corpus (CC0).
Judges: Gray
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.