Guinand v. Walton

CROCKETT, Justice:

This case is here on appeal for the second time.1 For background facts we refer to the prior decision and recite herein those necessary to an understanding of the issues now involved. Plaintiff had been an employee of defendants Walton and Kearns in connection with which they had given him the following letter:

Dear Mr. Guinand:

This letter is to confirm your ownership of an undivided ten per cent (10%) interest in WALTON-KEARNS, a co-partnership composed of Paul T. Walton and Thomas F. Kearns. This interest includes and is not in addition to the various interests from time to…