Aycock v. MORRIS INDUSTRIES, INC.

Birdsong, Judge.

Findings of Fact & Conclusions of Law. Aycock and Morris Industries entered into a limited partnership agreement to sell mobile homes. That agreement was cancelled by a second agreement wherein Morris Industries agreed to sell to Aycock its interests in the business, whether that interest was a profit or a loss. In fact, during the life of the partnership, the business suffered over a $17,000 loss. The second agreement provided that if Aycock could not arrange financing to purchase Morris Industries’ equity, Morris Industries agreed to purchase Aycock’s interest. The latter…