Reed v. Wood

L. K. Reed sued B. G. Wood in the district court of Seminole county, and Wood cross-petitioned for relief. Judgment was rendered against Reed on his petition and in favor of Wood on his cross-petition, and Reed appeals.

Reed, Wood, and Watson formed a drilling partnership, Reed having a half interest and Wood and Watson a fourth each. Wood and Watson were stockholders in and operators of a machine company, which was a corporation and in which Reed had no interest. At the formation of the partnership Wood and Watson furnished certain equipment and did work in putting it in a state of use and…