Swirsky v. Horwich

51 N.E.2d 822, 320 Ill. App. 568, 1943 Ill. App. LEXIS 663
CourtAppellate Court of Illinois
DecidedNovember 17, 1943
DocketGen. No. 42,686
StatusPublished
Cited by1 cases

This text of 51 N.E.2d 822 (Swirsky v. Horwich) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Swirsky v. Horwich, 51 N.E.2d 822, 320 Ill. App. 568, 1943 Ill. App. LEXIS 663 (Ill. Ct. App. 1943).

Opinion

Mr. Justice Burke

delivered the opinion of the court.

On February 26, 1938 Harry Swirsky and Irwin Horwieh, by oral agreement, formed a partnership for the purpose of dealing in new and used automobile and truck parts, tires and waste materials. Pursuant to the oral agreement, on March 1,1938, the partners purchased from J. E. Kramer the going business, including assets and good will, known as the Englewood Auto Parts, located at 6514-30 S. State street, Chicago. The purchase price was $17,500. The partners paid Mr. Kramer $4,000 in cash, each contributing $2,000. The balance of the purchase price, namely, $13,500 was to be paid by the partners in instalments of $1,000 within 30 days and $100 per month thereafter, with interest at 5 per cent per annum, the indebtedness being secured by a chattel mortgage. They agreed that each would devote his full time to the business, contribute equal investments and that the profits and losses would be divided equally.- Harry Swirsky was married to Estelle Swirsky and Irwin Horwieh was married to Rose Horwieh. The partners continued to conduct the business thus acquired under the trade name of Englewood Auto Parts and at the same location, namely 6514-30 S. State street, Chicago, which premises were occupied under a leasehold. On March 15,1939, they purchased the real estate located at 6546-48 S. State street, situated a short distance south of the premises where the business was being conducted. The purchase price was $3,000, ,of which $500 was paid by the partners. The balance of $2,500 was borrowed from Nathan Benditzson. Title was taken in the name of Isadore Benditzson in order to secure Nathan Benditzson for the amount advanced. Irving Greenfield, an attorney, who represented the copartners in the •transaction, collected the rents and made distribution of the surplus, including payments to Nathan Benditzson on account of the $2,500 so borrowed from him. Irwin Horwich died on November 22, 1940, and his widow Bose was appointed administratrix of his estate.

On January 17, 1941, Harry Swirsky filed a verified complaint in chancery in the superior court of Cook county against Bose Horwich, individually and as administratrix of the estate of Irwin Horwich, deceased, Isadore Benditzson, .Irving Greenfield, Mutual Life Insurance Company of New York, Metropolitan Life Insurance Company, Equitable Life Assurance Society of the United States and New York Life Insurance Company. Paragraphs 7, 8, 9 and 10 of the complaint read:

“Par. 7. That on or about the 27th day of December, 1938 said co-partners agreed to and did purchase $20,000.00 worth of life insurance with the Mutual Life Insurance Company of New York; that each individual partner was the insured of $10,000.00 of said life insurance and each individual partner designated the beneficiary of said policy; that at said time the said co-partners agreed that in the event of the death of either co-partner the sum of $10,000.00 or whatever other sum would be payable to the deceased partner’s' beneficiary upon said insurance policy would be credited to the co-partnership and that thereafter said co-partnership’s net assets including the credit of said $10,000 or any other sum so credited for insurance would be divided equally between the surviving partner and the deceased partner’s heirs or beneficiaries, and that the proceeds of any additional insurance thereafter purchased by said co-partnership would likewise upon the death of either partner be credited to said co-partnership business as aforesaid.
“Par. 8. That on or about July 19, 1940 said co-partners agreed to and did purchase additional insurance hereinafter mentioned; on said date the total life insurance of which each partner was the insured was as follows:
Irwin Horwich
Name of Insurance Co. No. of Pol. Amt. of Ins. Amt. of Prem.
New York Life Insurance Company 12146571 $2,000.00 $44.98
Metropolitan Life Insurance Company 11432997 2.500.00 57.50
Mutual Life Insurance Co. of New York 5447992 10,000.00 281.30
Equitable Life Assur. Society of U. S. 11175479 2.500.00 95.28
$17,000.00 $479.06
Harry Swirsky
No. of Amt. of Amt. of Name of Insurance Co. Pol. Ins. Prem.
Metropolitan Life Insurance Company 6561794 $1,000.00 $16.95
Metropolitan Life Insurance Company 11919570 1,825.00 60.00
Mutual Life Insurance Co. of New York 5447632 10,000.00 259.10
Equitable Life Assur. Society of U. S. 11175487 4,000.00 151.16
$16,825.00 $487.21
that said partners further agreed at said time that in the event of the death of either partner that the insurance proceeds payable to the deceased partner’s beneficiary as designated in this paragraph would be in full payment of the interest of the deceased or his heirs or beneficiary in and to the said co-partnership business and assets, the surviving partner assuming and agreeing to pay all liabilities of said co-partnership ; that said agreement further provided that the legal representative of said deceased partner would execute a Bill of Sale or some other document to convey to the surviving partner all interest in said co-partnership; that said agreement of the co-partners superseded the agreement described in paragraph 7 herein; that after the death of said Irwin Horwich on November 22, 1940 this plaintiff, who is the surviving co-partner, requested Rose Horwich, his legal representative, to execute a Bill of Sale to the plaintiff in accordance with the agreement described aforesaid, but she refused to do so and still refuses so to do.
“Par. 9. That on or about the 15th of March, 1939 the said co-partnership purchased the following described real estate, to-wit: The South 50 feet of the North 52 feet of Lot Four (4) in Block Eleven (11) in Skinner and Judd’s Subdivision of the Northeast Quarter of Section Twenty one (21), Township Thirty eight (38) North, Range Fourteen (14), East of the Third Principal Meridian, Cook County, Illinois, also known as and described as 6546-48 South State Street, Chicago, Illinois; that the property was taken in the name of Isadore Benditzson, one of the defendants herein; that upon the death of said Irwin Horwich on the 22nd day of November, 1940 title to said real estate immediately vested in and belonged to the plaintiff in accordance with the agreement heretofore described in paragraph 8; that said real estate was purchased for the sum of $3,000.00, $500.00 thereof was paid on account by said co-partnership business and the balance of the purchase price was borrowed from Nathan Benditzson; that payments were made on account of said monies due and owing to said Nathan Benditzson from time to time out of the net proceeds of the operation of said property, the exact payments of which are unknown to this plaintiff; that request has been made of said Isadore Benditzson to convey said real estate to this plaintiff but up to date he has refused so to do.
“Par. 10.

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Bluebook (online)
51 N.E.2d 822, 320 Ill. App. 568, 1943 Ill. App. LEXIS 663, Counsel Stack Legal Research, https://law.counselstack.com/opinion/swirsky-v-horwich-illappct-1943.