Wright v. Armwood

CAYTON, Chief Judge.

In 1948 Grant Wright and Henry Arm-wood formed a partnership to conduct a frozen custard business in Richmond, Virginia, .Armwood, who alone managed the business, closed it about a year later. Thereafter Wright was compelled to pay a creditor of the partnership the full amount due on a joint promissory note which the partners had given for equipment. He brought this action to require contribution by Armwood. The trial court ruled that the suit could not be maintained because no accounting or settlement of the partnership accounts had ever been reached between the parties.…