Moore v. Malis

Opinion op the Court by

Judge Cammack

Affirming.

In May, 1939, Sam Malis purchased an interest in a partnership formed by Roger O. Moore and F. S. Laubert, which was carrying on a business of acidizing oil and gas wells around Owensboro. On May 8th, Moore and Laubert gave Malis a receipt for $2,500 which he had paid into the firm. The receipt contained the following provision:

“* * * It is further understood that said S. Malis is to advance the same amount of money that the said F. S. Laubert has advanced, this amount to be determined, and that each party above mentioned shall own one third…