Supreme Court of Georgia July 9, 1962, 21691 (Varellas v. Varellas)

Head, Presiding Justice.

1. Where land is bought by a member of a partnership with money belonging to the firm, and the legal title thereto is placed in the name of only one member, an implied trust arises in favor of the other partners, who become equitable owners, and tenants in common, of such land. Code § 108-106; Cottle v. Harrold, Johnson & Co., 72 Ga. 830 (3); Roach v. Roach, 143 Ga.