64 Minn. 425 | Minn. | 1896
This action was instituted to compel an accounting between plaintiff and appellant in relation to certain alleged partnership dealings between them relating to procuring, handling, and disposing of an option contract on mineral lands, and the only question raised on appeal is the sufficiency of the evidence to support a finding that a partnership existed in the transaction, — a referee having found that such a partnership did exist.
The option was taken in appellant’s name, and the evidence relied on to sustain the finding consisted of plaintiff’s version of the partnership agreement, which was wholly verbal; his statement as to what was done under it, and also as to a conversation between appellant and himself when he requested a formal assignment of his interest or share. There was also the testimony of two persons as to what was said by plaintiff to them concerning his interest in the option in appellant’s presence, and in which he apparently acquiesced, at a time when they were negotiating for a purchase of the option from the latter.
A partnership is the contract relation subsisting between persons who have combined their property, labor, or skill in an enterprise or business, as principals, for the purpose of a joint profit. There was no lack or want of mutuality of engagement in this agreement if it was made as claimed by plaintiff. The promises were mutual, each party having the immediate right to hold the other to a positive agreement; and if debts had been contracted to third persons, a partnership liability would have been incurred. And from the evidence it appeared that appellant had at different times recognized the existence of the alleged partnership. Nor. did he repudiate it until after a sale had been made to a purchaser of his own finding. Disregarding plaintiff’s testimony that appellant, when requested to make formal assignment to him, declined simply because it would be inconvenient to have the title to the option contract in two persons, there was the testimony of two disinterested witnesses that on different occasions when they were trying to secure the option from appellant, plaintiff being present and taking part in the negotiations, the latter stated that he held an eighth interest, and appellant apparently acquiesced in the statement.
Judgment affirmed.