Adam

Adam v. Obarr

Caution
123 Cal. App. 36·1932 Cal. App. LEXIS 889·11 P.2d 11
Court of Appeal of CaliforniaApril 25, 1932Docket No. 8340.California1,616 words

Opinion

Lead Opinion

Ogden, J.

This is an appeal from a judgment dissolving a partnership, ordering an accounting and directing the payment of debts, sale of assets and distribution thereof among the copartners.

The action was brought by the respondent, Adam, who alleged in his complaint, in so far as it concerns this appeal, that on March 1,1922, by oral agreement, he and the appellant Obarr entered into a partnership for the purpose of carrying on a grocery and meat business known as the California Market and Grocery Company at Santa Maria, California; that it was agreed that each partner would share equally in the profits or losses; that neither partner would receive a salary; that both partners would devote all of their time and services to the partnership, and that upon the liquidation thereof each partner should receive óne-half of the money of the partnership and in addition a return of the money and property invested by him therein. It was further alleged that pursuant to said agreement both parties contributed certain moneys and property to the partnership; that during the years 1924, 1925 and 1926 respondent contributed to the partnership cattle and calves of the approximate value of $17,000, as well…

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