Panaretos v. Gatsos

4 R.I. Dec. 50
CourtSuperior Court of Rhode Island
DecidedDecember 2, 1927
DocketEq. No. 6878
StatusPublished

This text of 4 R.I. Dec. 50 (Panaretos v. Gatsos) is published on Counsel Stack Legal Research, covering Superior Court of Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Panaretos v. Gatsos, 4 R.I. Dec. 50 (R.I. Ct. App. 1927).

Opinion

BAKER, J.

Heard on exceptions to a Master’s report.

The respondents at the hearing first claimed that the Master had failed to comply with Equity Rule No. 40 of the Superior Court, .providing for the submitting of a draft of his reports to the parties for hearing thereon.

The Court is of the opinion that this matter can not now be urged. It would have been proper and undoubtedly better practice for the respondents, when the report was filed, to have moved that it be recommitted for the above reason. Apparently they did not do this but proceeded to file exceptions to the report as filed, and therefore, it would seem, 'have waived whatever rights they may have had by reason of the failure to comply with said rule. Moreover, the matter has been presented fully to the Court for determination and the Court has therefore proceeded to consider the questions raised by the respondents’ exceptions.

The report of the Master is very brief and of little aid to the Court. At the hearings considerable testimony was taken and a very large number of exhibits introduced, consisting chiefly of checks, check books, account books, and the like. The facts show that eight men decided to form a partnership for the purpose of conducting a restaurant business in the city of Pawtucket. Two of the men never signed the articles of co-partnership. [51]*51One of these two did put in some money but, soon after the business started, withdrew. The restaurant, therefore, actually was conducted by six men, two of whom are complainants and four are respondents in the present proceeding.

It appears clearly from the testimony that the two complainants, and particularly Peter T., were the men with the financial backing. They conducted a restaurant at Onset, Massachusetts, and also had a business in the city of New Bedford. The affairs of the partnership did not run very well and after about ten months’ operation, a receiver was appointed and the business closed out. The present questions before the Court relate to the matter of the accounting between the partners growing out of the conduct of the business.

The Master found that the respondents were indebted to the complainants in the sum of $4,337.54. It is admitted by all the parties that this amount is somewhat large and the complainants now urge that the amount due them is $3,471.70. The respondents, on the other hand, insist that the complainants owe them between $2,500 and $2,600.

After examining the exhibits and going over the testimony with care, the Court has come to the conclusion that, owing to the way the business was conducted and the state of the records relating to it, and to the conflicting nature of the testimony, it is probably impossible to make an absolutely accurate account in this case, but the 'Court believes that the figures it has reached will in the main be as nearly correct as possible and will do substantial justice between the parties.

The Court finds that the complainants are not indebted to the respondents in any sum. In this connection respondents’ claim rests chiefly on a so-called account prepared by one Sal-tis (see Respondents’ Exhibit 104), There is nothing in the case to show how this account was made up or from .what source the figures were obtained. It apparently is nothing more nor less than a summing up of the expenses and the receipts, together with the addition of a few other items. It does not seem to take into consideration the fact that without question the complainants did make certain advances to the partnership. The Court is clearly of the opinion that this account prepared by Saltis is of little or no value in this proceeding. He was not called as a witness although he was friendly with the respondents. The testimony that the complainants agreed to pay about $2,600 if the account should be taken to New Bedford does not seem worthy of credence. It is denied by the complainants.

Each side claims that the other handled the money and really managed the enterprise. An examination of the testimony seems to reveal that most of the time the respondent Gat-sos was in charge of the restaurant in Pawtucket. The complainant Peter T. did not devote his whole time to this business although unquestionably he was in and out of the restaurant many times a week. When he was there, he did exercise a certain amount of oversight. He also handled some of the money, attended to the accounts and drew many checks. It seems pretty clear to the Court, however, that the complainant Peter T. and the respondent James Gatsos were about' on an equal footing as far as the management of the business went, and that all of the parties had approximately the same knowledge of what was being done.

In regard to-specific items, the Court finds the following to be the situation.

There can be no doubt that the co-partnership is indebted to the complainants for the sum of $2000 advanced by them in .September, 1923, when the business started. This loan was provided for in the articles of co-partnership and it was to carry 8%. [52]*52It is also clear that it never was repaid to the complainants. The interest on this sum from September 10, 1923, to July 18, 1924, when the business went into the hands of a receiver, is approximately $136.84.

It also seems to the Court that the preponderance of the testimony shows that the complainants in May, 1924, when the business was failing, advanced in New Bedford the sum of $1000 to help pay the bills. The respondents urge very strongly that this sum was not advanced to the partnership and call the Court’s attention to a certain difference in the handwriting on the check. It seems to the Court, however, that the weight of the evidence supports the complainants in this matter and the Court will allow this item.

There also is little doubt that the complainants advanced $100 in September, 1923, as a payment on the ice chest used by the partnership, and in March, 1924, paid $107.67 on account of a note given for restaurant equipment.

Further, the Court will allow the complainants’ claim of $200, being the check of P. M. Panaretos to cover a shortage in the restaurant accounts in March, 1924. The respondents contest this payment but it appears to the Court' that the weight of the testimony shows clearly that such an advance was made. There is also, in the judgment of the Court, sufficient testimony to support the claim that P. T. Pana-retos advanced in cash the sum of $200 to assist the business. Also there is little doubt that the Paine note for $300 was paid by the complainants. The Court will also allow the sum of $20 which grew out of a protested check of the partnership.

It appears from the testimony that a loan of $500 at 9% was made from one O. H. Rounds, the interest being deducted in advance, so that the net sum received by the partnership was $455. The accounts and the testimony show clearly that the partnership paid ■back $280 of this, leaving the sum of $175 which was paid by the complainants and which, in the judgment of the Court, they have a right to charge agaipst the partnership.

The complainants also have an item of $846.80 for materials furnished the restaurant and for 38 trips of their ■truck from New Bedford to the restaurant in Pawtucket. The respondents seriously contest this claim, calling attention in particular to the large number of barrels of apples delivered.

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4 R.I. Dec. 50, Counsel Stack Legal Research, https://law.counselstack.com/opinion/panaretos-v-gatsos-risuperct-1927.