Majority
Headnote
Suit in Equity by Pabtneb fob an Accounting.—If two men are in partnership for a term of years, in the care and one half the increase of a flock of sheep, under a contract with the owner of the flock, who receives the other half of the increase, and the owner buys the interest of one through fraudulent representations that he has purchased the interest of the other, and then takes possession of the flock and increase, the remedy of the partner who has not sold, is in equity for an accounting, and in such action the partner who sold is a necessary party. In such case an action at law for damages does not lie.In the former opinion rendered in this case, we said: “ Though it is alleged in the complaint that Fairbanks succeeded in effecting a purchase of the interest of Hewitt, through the false representation made to the latter that Blood had already sold, yet, as Hewitt does not appear to complain of the fraud, the sale of his interest to Fairbanks was valid to operate a dissolution of the copartnership, which, it is conceded, had theretofore existed between Blood and Hewitt under their contract with Fairbanks; and the latter having taken possession of the subject-matter of the" copartnership, the remedy of Blood is in equity and for an accounting, as in other casés in which an existing copartnership is terminated by the sale of all the interest of one of the copartners in the assets of the firm; and in such a proceeding Hewitt would be a necessary party.”
We adhere to the views then expressed; but, as some
Judgment reversed, and cause remanded for a new trial. Remittitur forthwith.
Cases cited
- Poett v. Stearns 28 Cal. 226 p. 174
- Crosby v. McDermitt 7 Cal. 146 p. 174