Underwood v. Pinson

WILLIAMS, Justice.

The facts which gave rise to this cause of action are as follows:

In December, 1941, the law firm of Underwood, Canterbury, Pinson and Lu-pardus accepted 600 shares of stock of low value in satisfaction of a $500 attorney fee. The stock was assigned to Mr. Underwood, the senior member of the firm, and it stood in his name and was in his possession till March of 1946, when he sold the stock for $100,000 and deposited the money in a separate bank account in his own name. Shortly thereafter Mrs. Frances Lewis, who for many years had been a secretary of law firms of which Mr.…