Ayco Development Corp. v. G. E. T. Service Co.

G. E. T. Service Company and three other plaintiffs filed suit to recover for supplies and services they furnished to Energy Fund of America, the independent contractor that drilled three oil wells in Hood County. The plaintiffs sued not only Energy Fund but also joined Ayco Texas Production Company, Ayco Development Corporation, James E. Conway and Christy W. Bell (hereafter call Ayco defendants). Plaintiffs joined the Ayco defendants on the theory that they were joint venturers with Energy Fund. The trial court rendered judgment against Energy Fund and ordered foreclosure of plaintiffs’…