Virgin v. Slatko
| Decision Date | 23 May 1978 |
| Docket Number | No. 77-1600,77-1600 |
| Citation | 358 So.2d 1178 |
| Parties | Herbert W. VIRGIN, III, and Chester E. Whittle, Jr., Appellants, v. Robert H. SLATKO, Appellee. |
| Court | Florida District Court of Appeals |
Podhurst, Orseck & Parks and Michael S. Olin, Miami, for appellants.
Sam Spector, Tallahassee and Arthur E. Huttoe, Miami, for appellee.
Before PEARSON, HENDRY and KEHOE, JJ.
This interlocutory appeal is from an order for an accounting. The main thrust of the appeal is that the trial judge misconstrued the contracts between the parties. We hold that an accounting was properly ordered under the law concerning partnership contracts set forth in Frates v. Nichols, 140 So.2d 321 (Fla.3d DCA 1962). See also Obel v. Henshaw, 130 So.2d 892 (Fla.3d DCA 1961).
A second question presented is whether the order properly included "good will" as an asset of the partnership. As a general proposition, a business dependent solely upon the personal and professional qualifications of the persons carrying it on does not possess "good will." See Bailly v. Betti, 241 N.Y. 22, 148 N.E. 776 (1925); Cook v. Lauten, 1 Ill.App.2d 255, 117 N.E.2d 414 (1954); and Siddall v. Keating, 8 A.D.2d 44, 185 N.Y.S.2d 630 (1959). We hold that the evidence before the trial court does not bring the present dissolution within the meaning of the provisions in the first partnership contract, which provided for "good will" only upon the " . . . retirement of a partner, loss of license of a partner, or the death of a partner . . . " Therefore, in that particular only, the order appealed is reversed. In all other particulars, the order appealed is affirmed.
Affirmed in part, reversed in part and remanded for further proceedings in accordance with the order appealed, as modified.
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Moebus v. Moebus
...by a sale or another method of liquidating value." Compare Hughes v. Hughes, 438 So.2d 146 (Fla. 3d DCA 1983); Virgin v. Slatko, 358 So.2d 1178 (Fla. 3d DCA 1978). Even if we were to consider goodwill of a professional business as an asset for purposes of dissolution, it would not be applic......