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INDUSTRIAL EQUIPMENT CO. v. MONTAGUE

16826

224 S.C. 510 (1954)

80 S.E.2d 114

INDUSTRIAL EQUIPMENT CO. v. MONTAGUE.

Supreme Court of South Carolina.

January 27, 1954.

Attorney(s) appearing for the Case

Messrs. Robinson, Robinson & Dreher, of Columbia, and Messrs. Nash & Wilson, of Sumter for Appellant.

Messrs. Lee & Moise, and George D. Levy, of Sumter, for Respondent.

Messrs. Robinson, Robinson & Dreher, of Columbia, and Messrs. Nash & Wilson, of Sumter, in reply, for appellant.

January 27, 1954.

STUKES, Justice.

Industrial Equipment Company of Sumter was formerly a partnership composed of respondent, his son and E.L. Freeman. The business was incorporated early in 1946 and the three former partners were the sole stockholders and in the same proportions that they had owned the partnership, which was forty-five per cent by the elder Montague (respondent) who was president, forty-five per cent by Freeman who was treasurer and general...

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