Roger Oil Co. v. Nichols.

This suit was instituted by L. W. Nichols on March 28, 1923, against the Roger Oil Company, an unincorporated joint-stock company, and certain of its nam•ed trustees, alleging, in substance, that at the time of the organization of the company the plaintiff owned a one-fourth interest therein and was to share in all of its profits and losses; that this one-fourth interest was evidenced by a written contract; that on or about the 10th day of September, 1920, the plaintiff sold his one-fourth interest to said company and the trustees named for a consideration of $1,000, $500 of which was paid to…