Fiske v. Shelton

GRIMES, Acting Chief Judge.

This is an appeal from a summary judgment of $27,114.67.

Fiske and Shelton were two of three general partners in a limited partnership. The partnership shares were sold at $50,-*249000 each. Fiske had purchased six shares, and Shelton had purchased nine shares. Thereafter, the partnership needed additional funds to close the purchase of some real estate.

According to Fiske, he and Shelton each agreed to advance the partnership an additional $300,000. Fiske borrowed $300,000 from First National Bank and loaned it to the partnership. Fiske says that Shelton was unable…