Jarrott v. Stryker

HIGHTOWER, Justice.

W. S. Jarrott and J. T. Stryker had been partners for several years in a drug store in Woodville, Texas, Jarrott owning 40 per cent and Stryker 60 per cent thereof. On the 2nd day of April, 1952, Jarrott executed a bill of sale of his interest to Stryker for a consideration of $4,800 thereby effecting an amicable dissolution of the partnership.

At this time the records of the business reflected withdrawals of stock items of merchandise by Jarrott over a several year period which were charged to his account at cost price in the sum of $1,200. Stryker’s account was likewise…