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    Sison v. McQuaid Digest

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    Sison v. McQuaid Digest

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    Sison v. McQuaid Digest

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    Hannah Sisonv.HelenMcQuaid December29,1953 Principle: Liquidation shall happen before a partner may claim his share of profit fromthepartnership.

    . Facts: 1. PlaintiffbroughtanactionintheCFIagainstdefendant. a. Defendantborrowedfromhimmoney(P2,210)toenablehertopay herobligationsandtoaddtohercapitalinherlumberbusiness. b. She cannot pay so she proposed to take plaintiff as a partner in her business,plaintifftocontributeP2,210duehimfromdefendant. 2. BeforethelastWorldWar,partnershiphassold230,000boardft.oflumber totheUSArmyforP13,800.00. 3. Defendant refused to deliver of it (P 6,900.00) to plaintiff despite his repeateddemands. 4. Plaintifffiledanactiontocompeldefendanttopayhimhishalfoftheprofit fromthepartnership. a. Casewasdismisseduponthegroundofprescription. Issue: Whetherornotplaintiffisentitledtothesumheclaims? Held: NO.Orderofdismissalwasaffirmed,butonthegroundthatthecomplaintstatesno causeofaction. Ratio: Itisnotclearfromthecomplaintjustwhenthecauseofactionaccrued.Thus thedismissalofthecaseiserroneous. Howeverordershouldberetainedonthegroundthatthecomplainthasno causeofaction. Also, the profits of the business cannot be determined based only to one transaction. Thus the need for a general liquidation before a member may claimhisshareofprofit.

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