TOMLIN v. ANDERSON

No. 80-993.

413 So.2d 79 (1982)

C.C. TOMLIN, Jr., Appellant, v. Carolyn ANDERSON and Quail Hollow Investments, Inc., Appellees.

District Court of Appeal of Florida, Fifth District.

Rehearing Denied April 29, 1982.


Attorney(s) appearing for the Case

R.L. Russell of Van Den Berg, Gay & Burke, P.A., Orlando, for appellant.

Daniel Joy of Johnson & Joy, P.A., Sarasota, for appellees.


COWART, Judge.

In 1971 or 1972 when appellant and two other persons each owned one-third of the stock in the corporation Quail Hollow Investments, Inc., the stockholders by agreement made entries on the corporate books to reflect, on the asset side, $60,000 notes receivable from each stockholder and balanced those entries by showing an increase of $180,000 in paid-in capital. These were but book entries and were made to make the corporation's balance sheet look stronger...

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