Case ID: la-ann_13/html/0479-02.html
Source: Caselaw Access Project
Author: {"author": "Cole, J.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Speake & McCreary v. George W. Barrett.
    A suit brought against ono of the members of a commercial firm, interrupts prescription with regard to all the partners.
    Where a note was signed by one of the members of a commercial firm with the addition of tho words “ in liquidation”—Held: that such a note was a notice to tho payee that the firm was dissolved, and that without a special authorization to tho partner signing the note from his co-partner, the note was not binding on him.
    APPEAL from the District Court of the Parish of Rapides, Cushman, J.
    
      W. B. Lewis, for plaintiffs and appellants.
    
      M. Ryan, for defendant.
   Cole, J.

Defendant is sued upon a note signed by “Barrett & Culbertson, in liquidation.” There was judgment for defendant, and plaintiffs have appealed.

Plaintiff in 1852, obtained judgment, in another suit against Culbertson; and seeks now to hold Barrett liable.

The plea of prescription of five years has been made; it cannot be sustained, because prescription was arrested by the suit against Culbertson; Barrett Culbertson being commercial partners are bound in solido, and a suit brought against one of the debtors in solido, interrupts prescription with regard to all. O. C. 2092.

It is established that the signature of the note is in the handwriting of Culbertson.

The addition to the signature, of the words “ in liquidation”, was a notice to plaintiffs of the dissolution of the partnership of Barrett & Culbertson.

After the termination of the co-partnership, Culbertson had no authority to execute the note in the name of the partnership, without special authorisation from his partner, and no such power is contained in the record. C. C. 2966.

It is contended; that the words, “ in liquidation,” cannot be construed to mean, that a partnership is dissolved : and as there is no proof, in the record, of any notice having been given to plaintiffs, except these words affixed to the note, that defendant is liable, because the firm of Barrett fy Culbertson were accustomed to transact business with plaintiffs, and they were entitled to special notification of the dissolution.

We are of opinion, that the presumption from the use of the words “in liquidation ” would be that the partnership had been dissolved.

If at the execution of the note, it were still in existence, it was the duty of plaintiffs to have established it.

Plaintiffs have not even proved that the note was given for a debt of the partnership. ,

Judgment affirmed, with costs of appeal.