65 W. Va. 34 | W. Va. | 1909
Oliver A. Annon complains of the dismissal of his bill filed in the circuit court of Harrison county against John W. Brown and others, seeking dissolution of an alleged copartnership and an accounting.
. He represents and shows that he is interested in commissions, arising out of sales of real estate, in the manner and to the extent following: J ay Reefer and J oseph W. Thorn were dealing in real estate as partners, and held options on, and contracts respecting, the coal in certain tracts of land in Taylor county, susceptible of consolidation into one coal area of nearly 3,000 acres. Having no purchaser for the same, they agreed with Annon to allow him, in consideration of his furnishing them a purchaser therefor, one-tliird of such net profits as should be realized from a sale. Annon secured the co-operation of Brown, who sustained such relation to the Maryland Coal Company as to induce the belief that .lie could render material aid in the effort to sell it, and Annon agreed with Brown to allow him one-half of his one-tliird of the net profits to be realized from such sale. Reefer and Brown enlisted Waldo P. Goff' in the enterprise, agreeing to share their two-thirds of profit with him. Three tracts of land were sold and conveyed to said company and, as to the remaining one, a contract of sale was made, for the enforcement of which a suit in equity is pending. Without any notice to plaintiff, the other parties accounted among
As to the funds in the' hands of Brown, there is adequate remedy at law. A settlement, satisfactory to the plaintiff, has been made by the other parties. The expenses and charges against the gross sum have been ascertained and deducted, the net profit ascertained and divided among them, and Brown only is indebted to the plaintiff for one-half of said sum of $6,000.00, according to the allegations of the bill. It is profit, ascertained, set aside, and paid into the hands of one of the two parties between whom it is to be sub-divided. If the relation of copartnership among the parties, covering the matters set up in the bill, exists, the sum in Brown’s hands to which'the plaintiff is entitled may be had without settlement of the partnership accounts. As to it, they have been settled and all he needs is a judgment or decree for the amount due him, $3,000.00. It is isolated from the partnership accounts, and due and payable. The .exertion of equity powers for its custody or conservation is not necessary’, and the law gives adequate remedies for the mere collection thereof. Newman v. Ruby, 54 W. Va. 381; Wright v. Michie, 6 Grat. 354.
The question arising on the uncollected -money due and expected is not so easy of solution. In confining the argument to the existence of a relation of copartnership among the parties, counsel have fallen into a misapprehension. Any relation of
So far as anything is due the plaintiff on account of any supposed agency or trust, involved in the transaction set forth in the bill, there has been an accounting, and the reason for equitable intervention fails. As to the money due the parties on account of the sale of the Johnson tract, there is no duty on the part of any of the defendants to pay over anything, for it has not come into their hands. Whether the Armstrong and Kunst lands have been'sold has not been finally determined, for which reason it is impossible to say anything will ever be realized from the effort to dispose of them. If no sale of these lands has been made and none shall be effected, nothing for division among the parties will every be realized from them. They are all merely engaged in a joint effort, involving labor and expense, which may prove fruitless, leaving losses to be paid and producing neither tangible property nor funds for division. They do not own the land or any interest in it. According to the tenor of the hill, the substantial object of the association ox joint venture has been accomplished. The expense has ceased. Hothing remains to be done but the collection of the money, and, none of the defendants having, as yet, collected it, they are under no duty to pay it over or render an account. If a receiver were
For the reasons stated, the decree will be affirmed.
Affirmed.