Rogers v. Stacy

McGHEE, Justice.

This case involves amounts claimed under an agreement dissolving the Pecos Ready-Mix Concrete Co., a partnership.

In 1953 the appellant, Rogers, and appellee, Stacy, formed a partnership making appellant the sole manager of the business. Because of disagreements over business policy, in October of 1955, the partners agreed that Stacy would purchase Roger’s interest for book value. An audit was made revealing Roger’s interest to be approximately $24,000 but the sale was never consummated. In February of 1956, after further difficulties, Rogers wrote to Stacy offering to sell his…