A. and B. purchased land on a joint speculation with their joint monies for the purpose of laying it out in building plots, and reselling it at the joint profit or loss of A. and B. Held, that it was converted out and out, and the share of one of the partners deceased in part of the unrealised real estate passed to his personal representatives.
Citations:
[1856] EngR 328, (1856) 3 Drew 495, (1856) 61 ER 992
Links:
Jurisdiction:
England and Wales
Land, Trusts
Updated: 05 June 2022; Ref: scu.291083