114 Misc. 137 | N.Y. Sup. Ct. | 1921
There has been a complete judicial settlement of the doctrine that the partners of a firm are liable for the frauds committed by either or any of them in the transaction and prosecution of the partnership enterprise; that the firm is bound for the fraud committed by one partner in the course of the transactions and business of the partnership, even when the other partners have not the slightest connection with, knowledge of or participation in the fraud. Story Part. 108; Griswold v. Haven, 25 N. Y. 595. The firm being liable for frauds committed by one of its members while acting for the firm and in transacting its business, the innocent partners cannot divest themselves of their responsibility on the ground that they never authorized the commission of the fraud or participated in its fruits. Lindley Part. 150. All the defendants"here were partners and all, with the excep
Judgment for defendants.