BARKDULL, Judge.
In 1978, Gary Scarborough, the defendant and counter-plaintiff in the trial court, formed Southern Marine Research, Inc. (Florida) "SMR Florida" for the production, importation and sale of marine electronic equipment. Scarborough was president of the corporation and was also an employee thereof. The stock of the corporation was owned solely by James Eroncig. In December 1978, SMR Florida was in need of additional financing, which was obtained from...
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