Giles v. Vockel

Opinion by

Mr. Justice Kephart,

Appellant and appellees were partners conducting a securities brokerage business under the firm name of S. M. Vockel & Co. Appellant determined to retire from the partnership, and his interest therein was fixed at $60,000. The remaining partners wrote him a letter on December 10, 1929, wherein they stated that his interest in the business as previously determined was $60,000, which they agreed therein to pay in installments: $30,000 on January 10, 1930; $15,000 on February 10, 1930, and $15,000 on March 10, 1930, with interest at 6% on delayed payments. This…