Stage v. Gorich

Citations

• 107 Ill. 361
• 1883 Ill. LEXIS 271

Syllabus

<p>1. Abbitbation—settlement of partnership through aid of another is not an arbitration and award. Where partners sought and obtained the aid of an accountant in adjusting their accounts, for the purpose of a settlement, and he prepared a paper showing what he considered a fair settlement between them, which they adopted: Held, that this was no arbitration, and the paper prepared by the accountant was no award, it merely constituting a settlement, liable to be opened for mistake.</p> <p>2. Settlement—opened for correction of mistakes. Where it is clearly shown that one partner has made advances for the use of the firm of considerable sums, which were not taken into consideration at a settlement had between the partners, on bill filed by one of the partners for an account, it was held, the cause should have been referred to the master to state anew the accounts, so far as concerned the omitted items.</p>