St. John v. Fitzgerald

GRISSOM, Chief Justice.

In February, 1952, D. D. St. John and Norman D. FitzGerald formed a partnership known as Saxon Drilling Company. On December 5, 1952, they, executed a contract for dissolution of said partnership effective January 10, 1953, in which it was agreed that FitzGerald and certain Fitz-Gerald trust estates should take as their share of the assets of the partnership the note of Norman D. FitzGerald for $200,000 payable to Saxon Drilling Company on or before January 10, 1953, and that St. John should take the physical property of said company and accounts receivable and pay the…