W. B. SHEPPARD, APPELLANT,
v.
J. S. REEVES & CO., APPELLEES

Fla. | 1897-01-01
39 Fla. 53 Florida Supreme Court (1897) Positive Treatment
Cited by 4 cases

AI-generated. These summaries, headnotes, and key points are machine-generated and may contain errors or omissions. Always verify against the full opinion text below. Not legal advice.

Synopsis

In a garnishment proceeding, the Florida Supreme Court affirmed the lower court's exclusion of an assignment deed as evidence, holding that a partnership assignment that included only joint property and not the individual property of the partners violated Florida's prohibition against partial assignments for the benefit of creditors.


Holding

The assignment was void because it violated Florida's statutory prohibition against partial assignments for the benefit of creditors. Under the law, individual property of partnership members (not exempted by law) is liable for partnership debts, and the failure to include such property in an assignment for the benefit of creditors violates an essential statutory requirement.


Key Quotes

“The individual property of members of a partnership not exempted by law is liable for the partnership debts, and the failure to include all such property in an assignment for the benefit of creditors is in violation of an essential requirement of the statute.”

Establishes the core holding that partial assignments excluding individual partner property violate Florida law

Previewing 1 of 3 key quotes on this case — the court’s exact language, pinpointed for members.

Join FLexlaw to unlock all legal intelligence

Facts & Procedural History

Reeves & Co. obtained a judgment against the partnership U. M. Wright & Co. and served garnishment process on W. B. Sheppard, the garnishee. Sheppard …

The full statement of facts, procedural history, and disposition for this case are member content.

Join FLexlaw to unlock all legal intelligence

© FLexlaw, Inc. — AI-generated enrichments are proprietary. All rights reserved.

Topics

Explore caselaw by topic → Browse Garnishment cases and more on FLexlaw


Opinion of the Court
Mabry, J.:

Mabry, J.:

Appellees, Reeves & Co., instituted a suit in Franklin county against U.

M. Wright and F.

W. Ordway, partners doing business in the firm name of U.

M. Wright & Co., and had garnishment process served on appellant, W.

B. Sheppard, to answer what goods and chattels, rights and credits, money or effects, were-in Ms hands, custody or control belonging to said defendants. Reeves & Co. obtained judgment against Wright & Co., and Sheppard answered that he did not owe the latter anything, or have any of their property in his hands. Issue was joined on the answer, and by written consent of all parties the case was transferred to Jackson county for trial on account of the disqualification of the Judge of the Second Circuit to hear and determine the issue. On the trial in Jackson county before the Circuit Judge, without a jury by consent, it appeared that the garnishee, W.

B. Sheppard, had in his hands a sum of money exceeding the amount of the said judgment obtained by Reeves & Co., as the proceeds of property assigned to him by Wright & Co., and the assignment was'Offered in evidence to sustain the garnishee’s right to the funds. The court held that the assignment was void on its face and excluded it as evidence, to which ruling an exception was properly taken. The garnishee offered no further evidence sufficient to sustain his right to the money in his hands, and judgment was rendered in favor of appellees for the amount of their judgment and costs, and Sheppard entered an appeal, which was before the Revised Statutes went into effect.

Many objections were made to the validity and sufficiency of the deed of assignment, but only one will be considered, as under it the instrument must be held void, and the judgment of the. court affirmed. We construe the deed, declared to be void by the lower court, as an assignment by a partnership firm of only the joint or partnership property, and not embracing-any individual property of any of the members of the-firm. Kennedy vs. McKee, 142 U. S. 606; 12 Sup. Ct. Rep.

303. Partnership property only was assigned to pay partnership debts, and the assignee was directed to convert the property assigned into money, and, after paying certain enumerated expenses connected with the assignment, to pay “all the creditors of the said firm in equal proportion according to their respective demands, whose names, with the several amounts due them, are hereto annexed.” There was also a clause directing the assignee to pay any surplus remaining after such settlement as provided to the assignors, their heirs, executors or administrators. The act of 1889 (chapter 3891, laws of Florida) prohibits both preferential and partial assignments for the benefit of creditors, as is evident from its terms, and as so construed by us in the case of Williams vs. Crocker, 36 Fla. 61, 18 South. Rep.

52. The individual property of members of a partnership not exempted by law is liable for the partnership debts, and the failure to include all such property in an assignment for the benefit of creditors is in violation of an essential requirement of the statute.

The judgment of the Circuit Court will, therefore, he affirmed.


Cases With Similar Vibessemantic neighbors from the corpus


Citator

Cited By

  • Kelly v. State, 597 So. 2d 900 (Fla. 3d DCA 1992)
    …v. Hearne, 100 Fla. 1180, 131 So. 173 (1930). It is equally well established that each general partner is personally liable for all partnership obligations. Schleicher, Schumm & Co. v. Walker, 28 Fla. 680, 10 So. 33 (1891); Sheppard v. Reeves & Co., 39 Fla. 53, 21 So. 774 (1897); Hector Supply Co. v. Martin, 130 So. 2d 285 (Fla. 3d DCA 1961). Because appellants were conducting business in Florida through their co-partners, who served as their agents here, and because appellants were personally liable for…
  • Williamson v. Leith, 36 F.2d 643 (5th Cir. 1929)
    …signee. The first assignment for the benefit of creditors was void, if for no other reason, because it was partial, in that it failed to convey the individual property of the partners. Williams v. Crocker, 36 Fla. 61, 18 So. 52; Sheppard v. Reeves, 39 Fla. 53, 21 So. 774. It is provided by Compiled General Laws of Florida, § 6755, that no one shall be appointed assignee under a general assignment for the benefit of creditors who does not give bond in double the value of the property assigned. According t…

Authorities Cited

Full citator, related cases, and AI research tools

Open in FLexlaw