McRee v. Quitman Oil Co.

1. A “coadventurer” is one who takes part with others in an adventure or in a venture. A “venture” is “an undertaking attended with risk, especially one aiming at making money; business speculation.” New Standard Dictionary. A “promoter” may be either a person who assists (by securing or furnishing capital or otherwise) in starting or forwarding a financial, industrial, or commercial enterprise, as a joint-stock company or the like, or one who makes this his business. Id. “The persons who, for themselves or others, take the preliminary steps to the organization of a corporation are called…