Rath v. Kelly

The parties hereto entered into a contract on October 21, 1918, under which the defendants advanced $10,000 to purchase certain timber limits on which plaintiff had an option. They also agreed to advance the money to lumber it, to saw the logs cut therefrom' into lumber at their mill in Sault Ste. Marie for $7 per thousand feet, and to make sale of the lumber. Plaintiff was to oversee the woods operations. After payment of advances and expenses by defendants, the profits or losses were to be divided equally between them. The timber was cut and delivered at defendants’ mill in 1919 and 1920.…