New York Court of Appeals

William J. King, Jr., Appellant v. Thomas Leighton, Respondent

November 24, 1885100 N.Y. 386

Summary

The New York Court of Appeals affirmed the referee's judgment granting the plaintiff an accounting and declaring a written release void for fraud. It held that rent paid after the plaintiff's bankruptcy did not waive his interest in partnership profits, that the solvent partner must account for profits from unfinished contracts, and that bankruptcy dissolves a partnership only to the extent of preventing new engagements.