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Moorcroft v. Severance (2018)

Citation
Moorcroft v. Severance (2018)
Parent Document
Moorcroft v. Severance (2018)
Jurisdiction
Vermont (state)
Effective Date
2018-03-12
Original Source
https://www.courtlistener.com/opinion/10026703/moorcroft-v-severance/ ↗

Other Sections in This Document (73)

Full Text

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As intimated in the factual findings, if John was afforded partner status, he would likely
be in a worse situation then he faces as a non-partner with some unpaid advances to Jim. If the
Pride Auto entities were general partnerships Jim’s acceptance of business operations funds
advances to the partnership by Shirley, to be paid back to Shirley, would bind those partnerships.
11 V.S.A. section 3221. In a 11 V.S.A. section 3271(5) judicially ordered dissolution (or any
general partnership dissolution), the assets of the partnership, including contributions of the
partners, must first be applied to discharge obligations to creditors. Section 3277. Thus if the