Wales v. Wightman

Prior to November 13, 1941, the plaintiff owned a sales and service agency in Elkhorn. The defendant also owned a sales agency in Elkhorn known as Wightman Auto Sales. On November 13, 1941, the parties entered into a partnership agreement which was reduced to writing. By the terms of this contract, the defendant sold to the plaintiff a one-half interest in and to the Wightman Auto Sales for the sum of $1,500. The contract provided for the payment of certain obligations of the defendant, and transferred a one-half interest in defendant’s business and in the personal property, equipment, etc.,…