- Petitioner
- Ramon Chaves
- Respondent
- Ramon Nery Linan
- Citation
- G.R. No. 955
- Court
- Supreme Court En Banc
- Division
- En Banc
- Ponente
- Torres, J.
- Decided
- March 7, 1903
Summary
This 1903 Supreme Court case involved a partnership liquidation dispute between Ramon Chaves and Ramon Nery Linan. The lower court improperly excluded $18,712.08-3/4 in partnership assets from the liquidation without legal justification. The Supreme Court En Banc reversed, holding that since both parties acknowledged these credits and property as belonging to the dissolved partnership, they must be included in the final settlement. Applying Civil Code Article 1689 on partnership profit and loss sharing, the court ruled that proper liquidation was impossible without including all partnership assets. The decision established important precedent on partnership liquidation procedures and the requirement to include all acknowledged partnership property in final settlements. The court ordered a new trial for complete liquidation.