Masternick v. Garrett, Unpublished Decision (12-10-1999)

OPINION

This is accelerated calendar case submitted to this court on the briefs of the parties.

In September 1993, appellant, John Masternick, and appellee, Gene Garrett, formed a corporation known as Geigh M Corporation ("Geigh M"). Masternick became secretary/treasurer, while Garrett was elected president of Geigh M. During the organizational meeting, it was agreed that the money to fund the corporation would come from Masternick and his wife, and that Garrett would be running the corporation on a daily basis. Up until Geigh M was dissolved in January 1995, the Masternicks advanced funds to…