Jones v. Nickell

Opinion of the Court by

Judge Rees

Reversing.

The appellant, Custer Jones, brought this equity action against Everett Nickell and Lona D. Nickell to recover $1,500 alleged to be due him under a partnership agreement between him and Everett Nickell. He alleged, in substance, that by the terms of the agreement he and Nickell were to purchase the office building known as the Lynn B. Wells Building in West Liberty, Kentucky, for $12,000, each to pay one-half, or $6,000. In order to enable Nickell to pay his one-half of the purchase price, Jones was to lend him $2,000, the loan to be secured by a…