McDonald v. Rogers

Mobley, Chief Justice.

The petition of Marion Rogers against Cecil McDonald, filed on June 22, 1966, alleged in part: On January 1, 1960, the parties entered into a written partnership agreement to operate a hardware store in the City of Ringgold under the partnership name of Ringgold Hardware Company. Rogers bought a one-third interest in the partnership, paying $6,000 in cash and giving his note for $26,079.04. The yearly profits of the business have more than paid his debt to McDonald, but McDonald has failed and refused to give him an accounting. The parties jointly engaged in the…