Bailey v. Murdock

JACKSON, Vice Chief Justice.

In the trial court, plaintiff William S. Bailey, Jr., sued the defendant, J. T. Mur-dock, for a judgment establishing a joint venture and for an accounting and division of any joint venture profits held by the defendant. Defendant pleaded, among others, the defenses of laches and estoppel. The following summary of the findings of fact by the trial court, which were supported by the evidence, sufficiently details the facts involved:

1. That in the month of August, 1936, plaintiff and defendant entered into an oral agreement, which was a joint venture between the…