Jacobs v. Hilliard

OPINION

KIRSCH, Chief J.

Timothy E. Jacobs appeals the trial court's entry of partial summary judgment in favor of H. David Hilliard, 1 which required Jacobs to terminate the life insurance policies Jacobs then held on Hilliard's life. The dispositive issue is whether the trial court erred in requiring Jacobs to terminate the life insurance policies he held on Hilliard's life after the parties had dissolved their joint business.

We reverse and remand. 2

FACTS AND PROCEDURAL HISTORY 3

Hilliard and Jacobs entered into business together in early 1997, when Hilliard agreed to contribute capital to…