In 1837, John Pertut, now deceased, invested $4,500 in a slave trading venture with Amaziah Cobb. Cobb invested $2,000 in the business and served as the partnership's speculator. It was agreed that Cobb would pay one-half of the net profits from the sales as well as repay his $4,500 investment. In 1845, Pertut expressed his desire to terminate the operation and asked for the $4,500 and his share of the profits. Now he has died and William Pertut, administrator of his estate, complains that Cobb still refuses to settle the account. Pertut seeks $12,000 in damages.
Result: Partially granted.
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Repository: Greene County Courthouse, Greensboro, Georgia
