Doubleday, Page & Co. v. Shumaker

Erlanger, J„

On January 22, 1904, plaintiff, a corporation, entered into an agreement with the defendant and one Hiddlebrook under which the defendant and said Hiddlebrook were to conduct a mail order department in plaintiff’s business; the capital required was to be furnished two-thirds by plaintiff and one-third by the others named. The profits or losses were to be divided in two equal parts, the plaintiff to share in one of such parts and the defendant and said Hiddlebrook in the other. Both the defendant and Hiddlebrook were to receive fixed salaries, and, in the event of either drawing…