(Download) "Bull v. United States" by United States Supreme Court * eBook PDF Kindle ePub Free
eBook details
- Title: Bull v. United States
- Author : United States Supreme Court
- Release Date : January 29, 1935
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 62 KB
Description
Archibald H. Bull died February 13, 1920. He had been a member of a partnership engaged in the business of ship-brokers. The agreement of association provided that in the event a partner died the survivors should continue the business for one year subsequent to his death, and his estate should "receive the same interests, or participate in the losses to the same extent," as the deceased partner would, if living, "based on the usual method of ascertaining what the said profits or losses would be . . . . Or the estate of the deceased partner shall have the option of withdrawing his interest from the firm within thirty days after the probate of will . . . and all adjustments of profits or losses shall be made as of the date of such withdrawal." The estates representative did not exercise the option to withdraw in thirty days, and the business was conducted until December 31, 1920 as contemplated by the agreement.