Murphy v. Marvel

Citations

• 49 Pa. Super. 576
• 1912 Pa. Super. LEXIS 371

Syllabus

<p>Partnership — Dissolution—Compensation of liquidating partner.</p> <p>1. Where an agreement provides that a partner shall receive a fixed compensation for attending to the business of a firm engaged in active business, the dissolution of the firm terminates the operation of such a covenant and any right of compensation under it.</p> <p>2. Where the partnership has been dissolved by agreement, and one of the partners liquidates the assets without continuing the operations of the business as a going concern, this compensation is not to be determined by the salary which he received under the partnership articles.</p>