Lubbock Grain & Coal Co. v. Ferguson

The Lubbock Grain & Coal Company sued Joe Lee Ferguson and J- F. Cagle, alleging that on July 16, 1918, the defendants then and for two years prior thereto were partners in the retail feed and grain business, which partnership was conducted in the name of J. F. Cagle, but under an agreement between defendants that Ferguson was to furnish all the capital which went into the enterprise, and after all expenses were deducted the defendants were to share equally in the profits of the business, Cagle was to manage the same, and had full authority from his codefendant to pledge the credit of…