Collins v. Merrick

The opinion of the court was delivered by

Fontron, J.:

On October 5,1957, six enterprising race enthusiasts, five of whom operated race tracks, formed a partnership under the name of Grand National Jalopy Promotions, to manage, promote and conduct annual National Champion Jalopy Races. Four of the partners, including Jack Merrick and O. L. Douglas, the defendants herein, each had a 20% interest in the enterprise, while the plaintiff, James E. (Jim) Collins, together with Verne Hamilton, the only partner not owning a track, were to hold a 20% interest jointly. The partners were to contribute…