Davis v. Holloway

The salient allegations of the petition are: The plaintiff and John H. Holloway had been engaged as partners in a business known as “Holloways.” The plaintiff owned 40 percent interest in the business and Holloway owned 60 percent interest. On January 25, 1947, Holloway died. Holloway’s death effected a dissolution of the partnership. Charles W. Holloway was appointed permanent administrator of the estate of John H. Holloway and on February 28, 1947, the plaintiff purchased Holloway’s 60 percent undivided interest in the business from the estate and heirs of Holloway. The books of the…