Summary

Portrait of Samuel Freeman Miller Samuel Freeman Miller Moore v. Huntington — Opinion of the Court

It was a legal right of the defendants, as surviving partners, to close out the concern, collect and dispose of its choses in action, and its property, pay what it owed, and then pay over to the plaintiff her just share of what was left. They were not bound to become purchasers of the decedent's interest at a valuation. But they were bound to use reasonable diligence and care in closing out the business, and in taking care of the decedent's interest. If they used such care and diligence they are only liable for what was realized in their hands when it was done.
Source: Wikisource

Portrait of Samuel Freeman Miller Samuel Freeman Miller Moore v. Huntington — Opinion of the Court

The decree was rendered in the Supreme Court jointly against the defendants and their sureties in the appeal bond, and it is alleged for error that no such judgment could be rendered against the latter. But there is no error in this. It is a very common and useful thing to provide by statute that sureties in appeal and writ-of-error bonds shall be liable to such judgment in the appellate court as may be rendered against their principals.
Source: Wikisource

Portrait of Samuel Freeman Miller Samuel Freeman Miller Moore v. Huntington — Opinion of the Court

Looking to the exhibit in the answer of Moore, on which this estimate is based, it is quite clear that in this latter sum, the item of $101,330.95, due by Moore, Adams & Co., is for all or a part of the goods charged in the first item of $182,000, purchased at the time that inventory was taken, and counted afterwards as part of the assets of the old firm.
Source: Wikisource

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