Cosentino

Murphy v. Cosentino

Good Law
1962 Cal. App. LEXIS 2285·204 Cal. App. 2d 614·22 Cal. Rptr. 441
Court of Appeal of CaliforniaJune 13, 1962Civ. No. 25761California677 words

Opinion

Lead Opinion

Shinn, J.

This is an appeal from an order charging each of the parties with one-half of certain fees and attorneys’ fees of a receiver. Plaintiffs appeal, contending they should not have to bear any part of this expense. The appeal is before us upon an agreed statement. The facts are that plaintiffs and defendants as equal copartners owned an office building valued at between $170,000 and $230,000, subject to a trust deed of $89,424.32. Plaintiffs sued for dissolution of the partnership and an accounting, and on their application, with the consent of the defendants, a receiver was appointed to manage the property. For services during the first year the receiver was paid $2,529.66, which included attorneys’ fees. The receivership thereafter was operated at a loss of about $1,500, and each of the parties contributed equally to the loss and the current operation expense. Defendants purchased plaintiffs’ interest in the partnership for $85,000 but the prospective expenses of the receivership were not taken into account and no agreement was made with respect to the same. After this settlement the action was dismissed, and upon the final accounting of the receiver the court fixed the receiver’s…

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