Gilliam v. Spillman Motor Company

Opinion op the Court by

Judge 'Dietzman

Reversing.

On the 10th of June, 1926, S. B. Gilliam by parol contract purchased of R. P. Spillman and G. P. Dixon a one-third interest in the Spillman Motor Company, paying therefor $5,500.00 in cash. The business was conducted as a partnership. Both Spillman and Dixon received salaries, and it was understood that Gilliam would devote his time to the business and be paid for his services. In the next few days the firm required financing, and Gilliam advanced to it his personal checks for $1,472.00 and $1,-836, accepting its notes therefor. Upon further…