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AGB OIL CO. v. CRYSTAL EXPLORATION, ETC.

No. 80-2451.

406 So.2d 1165 (1981)

AGB OIL COMPANY, a Florida General Partnership between Guy B. Bailey and Areca S. Bailey, Guy B. Bailey and Areca S. Bailey, Appellants, v. CRYSTAL EXPLORATION AND PRODUCTION COMPANY, a Florida Corporation, Appellee.

District Court of Appeal of Florida, Third District.

Rehearing Denied December 18, 1981.

Attorney(s) appearing for the Case

Bailey & Dawes and Jesse C. Jones, Miami, for appellants.

Steel, Hector & Davis and William L. Courshon, Miami, for appellee.

Before HUBBART, C.J., and HENDRY and DANIEL S. PEARSON, JJ.

DANIEL S. PEARSON, Judge.

In 1974, AGB Oil Company and Crystal Exploration and Production Company entered into a Colorado limited partnership (Caloosa 1974) in which AGB would be a limited partner and Crystal the general partner. As part of this agreement, AGB retained The David Gracer Company, Inc. as its consultant. Gracer's fees were to be paid out of AGB moneys being held by Caloosa. In 1976, in the United States District Court for New Jersey, Gracer sued Caloosa...

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