Case Name: Lorenzo A. Wilson and W. M. Mason, Jr., Co-partners Doing Business As Wilson-Mason Company, and Lake Butler Bank, a Corporation, Appellants, v. Rosa C. Duncan, As Executrix of the Will of L. A. Duncan, Deceased, Appellee
Court: Florida Supreme Court
Jurisdiction: Florida
Decision Date: 1926-08-03
Citations: 92 Fla. 470
Docket Number: 
Parties: Lorenzo A. Wilson and W. M. Mason, Jr., Co-partners Doing Business As Wilson-Mason Company, and Lake Butler Bank, a Corporation, Appellants, v. Rosa C. Duncan, As Executrix of the Will of L. A. Duncan, Deceased, Appellee.
Judges: Whitfield, P. J., and Ellis, Terrell and Buford, J. J.,' concur.
Reporter: Florida Reports
Volume: 92
Pages: 470–477

Head Matter:
Lorenzo A. Wilson and W. M. Mason, Jr., Co-partners Doing Business As Wilson-Mason Company, and Lake Butler Bank, a Corporation, Appellants, v. Rosa C. Duncan, As Executrix of the Will of L. A. Duncan, Deceased, Appellee.
En Banc.
Opinion filed August 3, 1926.
Petition for rehearing denied February 9, 1927.

Opinion:
Per Curiam.
Where the owner consigns • cotton to' his' factors who make advances and charge interest thereon as well as sell cotton retaining advances, interest, commissions and charges, and under circumstances of financial stress and the low price of cotton the factors secure from the owner an agreement to divide profit after all charges are paid should the price advance, the factors being reasonably secured if the price recedes, such agreement under the facts of this case, will not in equity be a defense against a bill for an accounting for all the profits .after all charges are fully paid.
Marks, Marks c& Holt and Herbert Lamsbn, for Appellants ;
Telfair Knight, Thomas W. Fielding and W. S. Broome, for Appellee.
Marks, Marks & Holt and Herbert Lamson, for Appellants ;