McLemore v. Rankin Mfg. Co.

Citations

• 68 Miss. 196

Syllabus

<p>1. Partnership. Withdrawal of partner. Notice. Subsequent debts.</p> <p>A partner retiring from a firm without in any way publishing his withdrawal, cannot escape liability for debts subsequently contracted in the firm name with persons who may have been induced to deal with the firm by his supposed connection. Polk v. Oliver, 56 Miss. 566.</p> <p>2. Same. Obligation to give notice. On whom, rests.</p> <p>Such obligation to give notice of withdrawal rests equally on a partner whose connection with the firm is indicated only by the words “ & Co.” as on one whose name appears in the style of the firm.</p>