MacKey v. Philzona Petroleum Company

STRUCKMEYER, Justice.

The facts stated most favorably to plain- . tiffs in the court below show that Webber Mackey and his wife owned a retail petroleum business consisting essentially of nine retail service stations in Arizona. In June of 1956 the defendant John G. Phillips initiated discussions with Mackey which in general concerned Phillips buying into the business. At one time the parties agreed to a partnership arrangement but that arrangement was never consummated being abandoned by the decision of the parties to organize a corporation. Accordingly the defendant Philzona Petroleum…