Gearhart v. Etheridge

Evans, Judge.

In 1964, Frank G. Etheridge and Walter V. Gearhart embarked upon a joint venture of investment, re-investment, transfer of securities, and other business dealings to control a corporation. This venture lasted for six years. They found themselves trying to salvage as much as possible when the investment in the corporation became unproductive. During this time they jointly employed an accountant to keep up with the joint venture, to furnish details of the mutual accounting from time to time, and to furnish information for tax purposes.

In 1969, Etheridge died, but his estate…