Abbott v. Lucas

RULAND, Judge.

We reverse the summary judgment of the trial court dismissing the creditor’s bill of J. Dudley Abbott, Jr. and Sandstone 70 Corporation against the named defendants.

Insofar as pertinent here, Sandstone entered into a joint venture with defendant, International Investments, Ltd. International defaulted on its obligations to the venture, and Sandstone terminated the relationship, taking a note from International. Sandstone’s creditor’s bill is predicated on the claim that International conveyed land to defendant Lucas and that International redeemed stock from the defendants Day…