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Reports of Cases in the High Court of Chancery of Maryland 1846-1854
Volume 200, Volume 2, Page 441   View pdf image (33K)
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WOOD VS. GAULT AND EMORY. 441
it seems to me the plea of limitations is not an answer to the
account prayed for by the bill. The bill alleges that the part-
nership continued until the 1st of January, 1841, and that after
the expiration thereof by lapse of time, the defendants who
were active partners, proceeded to complete divers jobs of work
in said business, contracted for and commenced, during its con-
tinuance, for which they received divers large sums of money,
of which among other matter he prays for an account. Now
if is impossible to say when these sums of money (assuming
the statement in the bill to be true) were received. They may
have been received within the period of three years of the filing
of the bill, and if so, may have the effect of taking the whole
account out of the statute of limitations. At all events, I cer-
tainly am not prepared now to say, that limitations are a bar.
Nor do I think the defendants have made good their defence,
founded upon a stated account. A man who pleads a stated
account, says Lord Hardwicke in 2 Atk., 399, must show it
was in writing, and likewise the balance in writing, or at least
set forth what the balance was. He need not, to be sure, show
that it was signed by the parties, as acquiescence in it without
objection, for a length of time, will render it a stated account
Willis vs. Jernagan, 2 Atk., 251. Nothing of the sort is shown
in this case, no account stated, signed by, or acquiesced in, by
the parties. A balance sheet is shown, but this cannot be
made to perform the office of ah account stated between: the
plaintiff and the defendants. This balance sheet, was to show
the general condition of the firm, and not the particular state
of the account between the plaintiff and his partners. Nor it
pretended that the promissory note was given for any such
balance, because assuming the balance sheet to show correctly
the stituation of the affairs of the firm, the plaintiff was a debtor,
and not a creditor. If the proof shows any thing in opposition
to the title of the complainant to an account, it is not that an
account has been stated between the parties, but that there was
a compromise, and any assignment of the complainant's interest
in the partnership, for a sum certain. Of this, however, I am

 
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Reports of Cases in the High Court of Chancery of Maryland 1846-1854
Volume 200, Volume 2, Page 441   View pdf image (33K)
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