Pearce

Pearce v. Sutherland

Good Law
164 F. 609·3 Alaska Fed. 216·90 C.C.A. 519·1908 U.S. App. LEXIS 4661
United States Court of Appeals for the Ninth CircuitOctober 12, 1908No. 1,549California780 words

Opinion

Lead Opinion

Gilbert, J.

(after stating the facts as above).

The facts alleged in the bill present a case for equitable relief as against the appellee Sutherland. The formation of the corporation was not necessarily a dissolution of the copartnership. In fact, it is alleged in the bill that the corporation was formed for the purpose of carrying out the copartnership agreement. The case is similar to that of Monmouth Inv. Co. v. Means, 151 F. 159 , 80 C.C.A. 527 , in which the court recognized the existence of a copartnership to deal in real estate, aided by a corporation organized merely to be a holding company for the partnership adventures. Nor does it appear from the allegations of the bill that the laches of the appellant are such as to bar his right to equitable relief, or that he is estopped to maintain such a suit. The suit was begun on April 29, 1907. It was not until June, 1905, that the hostile attitude of Sutherland was definitely declared by him. The matter which, by the order of the court, was struck from the bill, contained allegations, which, while they presented no ground of equitable relief, were not wholly foreign to the controversy, for they were in the nature of an excuse for and an…

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