Scudder

Scudder v. Perce

Bad Law
159 Cal. 429·1911 Cal. LEXIS 336·114 P. 571
Supreme Court of CaliforniaMarch 7, 1911L.A. No. 2348.California1,318 words

Opinion

Lead Opinion

Henshaw, J.

The appeal is from the judgment on the judgment-roll. The question presented is the true construe tion of a partnership agreement. The facts found by the court, so far as necessary to this consideration, are that defendant was a physician and surgeon with an established practice in the town of Long Beach. He entered into a partnership agreement with plaintiff, who also was a physician and surgeon, but without practice in Long Beach. By the terms of the agreement the partnership was to continue until a given date when it became optional with either party to terminate the relationship. Plaintiff was to pay and did pay one thousand dollars down on account of the purchase price for his interest in the partnership and was to continue to pay therefor at the rate of fifty dollars a month until the full sum of four thousand dollars had been paid. The provision of the partnership agreement touching the termination of the contract is as follows: “That at the end or other sooner determination of their copartnership the said copartners, each to the other, shall and will make a true, just and final account of all things relating to their said business, and in all things truly adjust the same;…

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