Stroman v. Varn

Citations

• 19 S.C. 307
• 1883 S.C. LEXIS 84

Syllabus

<p>1. One partner may bind his copartners by deed if the others are present and authorize it, or if authority to do so is fairly inferable from the evidence of their conduct and course of business.</p> <p>2. There were four partners in a saw-mill, two of whom owned the land. One of the others mortgaged the land in the name of the four and signed the firm name. Held, that the mortgage was a valid lien on the land, the two owners having received the consideration and in many ways acknowledged and ratified the mortgage.</p> <p>8. A purchaser of the interest of one of the owners, in both land and partnership, after record of the mortgage, held bound by its lien.</p>