Thywissen v. Cron

OPINION ON SECOND MOTION FOR REHEARING

EVANS, Chief Justice.

Our prior opinions in the case are withdrawn, and the following opinion is substituted. Appellant’s motion for rehearing is overruled.

In February 1984, appellant H.J. Thywis-sen approached appellee Myrven H. Cron about forming a corporation to manufac ture shipping containers for the chemical industry. Thywissen would be chairman of the board and manage the business, and Cron would assist in sales and marketing. Thywissen proposed the new corporation acquire a division of an existing company, Krafcor, and told Cron he had arranged…