Appellate Terms of the Supreme Court of New York October 15, 1901 (Rosenfeld v. Marcus)

McAdam, J.

The plaintiff and the defendant entered into a joint transaction, as partners, for the purchase and management of a certain piece of real estate at Seventh avenue and One Hundred and Eleventh street in the borough of Manhattan. By the agreement, the plaintiff was actively to manage the property and out of the income pay current expenses, interest on mortgages, taxes and the like.