Southmayd v. Henderson

Citations

• 5 Sadler 1
• 8 A. 72
• 1887 Pa. LEXIS 551

Syllabus

<p>Not only the original agreement, but the manner in which partnership books were kept, by persons interested, in the business, is proper to be considered in determining the respective rights of partners.</p> <p>Alterations or constructions made or put on partnership transactions, and acquiesced in by all for many years, should have great weight in ascertaining the equities between partners.</p> <p>Under the dealings of the parties in this case, — Held, that a partner who, under the articles of partnership, was to receive a share of the profits as compensation, was also liable for a share of the losses.</p> <p>Note. — For the consideration of the acts of the parties in construing a contract, see note to Wilson v. Fenimore, 2 Sad. Rep. 297.</p>