In the absence of agreement to the contrary, if there is goodwill attached to a business, it must on a dissolution, be sold for the benefit of all partners. The court ordered ‘An account of all dealings and transactions between the Plt and Deft as co-partners, including in such account all dealings with the partnership assets and property since the – day andc; 2. An inquiry of what the credits, property and effects now belonging to the said partnership consist.’
(1881) 18 Ch D 698
England and Wales
Cited – Faulks v Faulks ChD 1992
One brother, as tenant farmed land under a partnership with his brother. On the death of either partner, an account was to be taken and a valuation. On the death of the tenant, there was a dispute as to whether the value of the farm’s milk quotahad . .
Lists of cited by and citing cases may be incomplete.
Updated: 12 April 2022; Ref: scu.458600