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BANK v. CARROLLTON RAILROAD

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78 U.S. 624 (1871)

11 Wall. 624

20 L.Ed. 82

BANK, v. CARROLLTON RAILROAD.

Supreme Court of United States.

March 6, 1871.

Attorney(s) appearing for the Case

Mr. P. Phillips, for the bank, appellant.

Messrs. J.A. and D. Campbell, contra.

Mr. Justice STRONG delivered the opinion of the court.

The effect of Graham's assignment to the complainant was undoubtedly to dissolve the partnership which had existed between Beauregard, May, and himself, but it did not make his assignee a tenant in common with the other two partners in the property of the firm. It seems to be assumed on behalf of the complainant, that in succeeding to Graham's rights, the bank acquired an ownership of the effects of the firm jointly...

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