Ferguson v. Lewis

Appellant and appel-lees, nine in number, in 1919, organized the Meridian Oil Company under a trust agreement. The trust agreement was not introduced in- evidence, but parol testimony con•cerning its provisions was admitted 'without ■objection. According to this testimony, the parties were to bear any losses incurred equally. There was testimony that some objection was made to accepting appellee Barker as a member of the organization, on the ground that he was financially unable to respond with his proportionate share of any losses sustained, and that to meet this objection appellant Ferguson…