Court Opinion

ID: 8185006
Source: CourtListenerOpinion
Date Created: 2022-09-09 23:07:21.890569+00
Date Added: 2024-06-11T16:40:23.039865
License: Public Domain

Winslow, J.
We are reluctant to reverse the findings of the trial courts upon questions of fact, but in the present case we feel entirely satisfied that the clear preponderance of the evidence shows that Hartmann and Matt were not only ostensibly, but in fact, partners in business and owners of the Taylor County Bank. It would be of little value to review the evidence leading us to this conclusion. We shall content ourselves with saying that, in addition to the direct evidence of Hartmann to the fact, the written and oral admissions of Matt, as a witness, leave no doubt on the subject. It clearly appears that Matt was the active manager of the business, and bookkeeper. Upon the books of the bank, so kept by Matt, there is a capital account, upon which it appears that he was a partner and contributed to its capital stock in June, 1892, and in December, 1892. He made sworn reports to the state treasurer under the banking law, showing the condition of the business, and swearing that he was one of the owners and that Hartmann was the other. He issued, paid, and canceled certificates of deposit without objection or remark, signed Hartmann & Matt; in fact, he seems to have proclaimed his partnership in season and out of season until the approach of the financial difficulties of the year 1893. Opposed to all these facts, we have simply Matt’s statement that he allowed his name to be used because Hartmann requested it, in order to show some more capital. We find that he was a partner.
The fact being that the Taylor County Bank was the property of a partnership composed of Hartmann and Matt, it necessarily follows that if the voluntary assignment made by Hartmann to Urquharl, July 24, 1893, and purporting to convey the property of that partnership, was in law a valid assignment of the partnership effects, then the gar*516nishee is rightfully in possession of the partnership property, and is entitled to hold it and execute his trust.
A copartnership may assign its partnership property for the benefit of its creditors, leaving the individual property of the partners untouched. Auley v. Osterman, 65 Wis. 118. It is settled, however, that one partner cannot make a general voluntary assignment of the firm property without the consent of his copartners when they are present and may be Consulted. Coleman v. Darling, 66 Wis. 155. But it is generally admitted that, if one partner abscond, the remaining copartners may, if necessity requires, make a voluntary assignment of the firm property, which will bind the absent partner, at least if -the firm property be personal property. This results because,'by the act of absconding, he has made consultation impossible, and hence is deemed to have, by implication, conferred on his partners sufficient authority to do those acts which the emergencies of the business may require. Rumery v. McCulloch, 54 Wis. 565; Farwell v. Webster, 71 Wis. 485; Burrill, Assignm. (5th ed.), § 86. This doctrine is certainly .very reasonable in jurisdictions where, as here, preferences are not allowed.
In the case before us it clearly appears that the partner Matt suddenly left Medford and abandoned the business just previous to the assignment; that he went because he knew that the bank would have to close its doors; and that Hartmann, finding the business insolvent, made the assignment in question during Matt’s absence. We entertain no doubt of the authority of Hartmann, under such circumstances, to make a valid assignment.
By the Gouri.— Judgment reversed, and action remanded with directions to render judgment for the garnishee in accordance with this opinion.