Campbell v. Coquard

Plaintiff and defendant entered into an agreement by parol, in 1879, to do business together for joint account in the purchase and sale of such securities as should be agreed upon, sharing in the profits and losses of such joint ventures on the basis of two-fifths to plaintiff, and three-fifths to defendant, the defendant furnishing the money to make the purchases and to “carry” the properties purchased until they could be sold, the “cost of carrying” being added to the original cost. Plaintiff was also allowed for his services the salary of seventy-five dollars per month. Under this…