Wiester v. Wiester

Citations

• 5 Cal. Unrep. 686
• 48 P. 1086
• 1897 Cal. LEXIS 953

Syllabus

<p>Partnership—Good Faith in Dissolution and Liquidation.— Under Civil Code, sections 2410, 2411, partners are bound to act in the highest good faith toward each other, and this continues and extends to the dissolution and liquidation of the partnership affairs.</p> <p>Partnership—Fraud in Settlement of Affairs.—Where, on settlement of a partnership, the withdrawing partner accepted certain land in payment of his interest at $70 per acre, the deed will not be set aside, on the ground of fraud in the settlement, where it was evident that both parties believed the land to be of such value, that it was located at a distance, at a town in which there was at the time a “land boom,” and similar property was then selling at from $100 to $150 per acre.</p>