U.S. Supreme Court
Smith v. Rainey, 209 U.S. 53 (1908)
Smith v. Rainey
Argued March 3, 4, 1908
Decided March 16, 1908
209 U.S. 53
A partner has a lien on the firm's assets for the repayment of his advances to the firm, and in this case, held that the articles of copartnership, construed as a whole, provided that the partner in a land venture advancing the amount needed for the venture should have a lien on the land regarded as assets.
The facts are stated in the opinion. chanroblesvirtualawlibrary