Case ID: nj-eq_23/html/0207-01.html
Source: Caselaw Access Project
Author: {"author": "The Chancellor.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Moies vs. O’Niell.
    1. The equities of tlie bill being denied, injunction dissolved, and motion for receiver refused.
    2. That the partnership business is unprofitable and the partnership should be dissolved or discontinued, is not a sufficient ground for enjoining one of the partners from going on with the business and settling up the affairs, or for taking the property out of his hands to be administered by a receiver.
    Argued on motion by complainant for a receiver, and on motion by defendant to dissolve the injunction heretofore granted.
    
      Mr. Ransom, for complainant.
    
      Mr. McGill, for defendant.
   The Chancellor.

The defendant has fully answered every allegation in the bill on which an equity could be raised either for an injunction or receiver. The partnership business may be unprofitable, and it may be that the partnership should be dissolved or discontinued. But there is no reason for enjoining O’Neill from proceeding with the business and settling up the affairs, or to take the property out of his hands to be administered by the expensive 'and destructive machinery of a receiver in chancery.

The injunction must be entirely dissolved, and the motion for receiver is refused.