Boone v. C. Arthur Weaver Co., Inc.

The dispositive question in this appeal concerns the time when the statute of limitations begins to run on a claim for damages caused by negligence in the furnishing of accountancy and tax services.

C. Arthur Weaver Company, Incorporated (Weaver), was a general supply company doing business in Virginia. Dalton, Pennell & Company (DP), was a partnership composed of H.C. Boone and others, engaged in the practice of accountancy. DP had performed tax and accounting services for Weaver since 1961.

In late 1975, Weaver began negotiations to acquire ParkerNimmo Supply Company (Parker), a firm in…