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Business Associations Keyed to Bainbridge
In re Fulton
Citation:
43 B.R. 273 (1984)Facts
The plaintiff, Padgett Carroll, and the debtor, Walter Charles Fulton, operated a trucking business under the name of C & F Trucking. Carroll contributed a semi-truck which the debtor drove for the business. The profits earned from the business were to be divided between the parties. In July 1982, Carroll’s grandmother, Mattie Holcomb, wired him $9,000. He used $4,600 of these funds to purchase a used trailer for C & F Trucking. The Arkansas certificate of title for the trailer was signed by the debtor and listed C & F Trucking as the owner. On December, 1982, the debtor filed a voluntary Chapter 7 bankruptcy petition.
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