(Download) "Stice V. Stice" by Second Appellate District, Division One District Court Of Appeal Of California " Book PDF Kindle ePub Free
eBook details
- Title: Stice V. Stice
- Author : Second Appellate District, Division One District Court Of Appeal Of California
- Release Date : January 15, 1947
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 57 KB
Description
The original action herein was one for divorce instituted by the husband. The defendant wife, who filed a cross-complaint, now appeals from the judgment, excepting that portion granting the wife separate maintenance and custody of the two children, boys aged about 6 and 3 1/2 years respectively. The record discloses that the parties were married June 23, 1934, and that in 1939 the husband, Tod Stice, entered the service of the Earl O. Stice Company, a plumbing business established by the husband's father. According to respondent's brief, "In 1939 Earl O. Stice (the father) took Tod into his business (Rep. Tr. V. 1, p. 10) and made a gift to Tod of a one-fourth interest in the business (Rep. Tr. V. 1, pp. 11, 12, 13, 175, 181), which he later increased, also as a gift, to a one-third interest (Rep. Tr. V. 1, pp. 12, 13, 18, 19)." In this connection it may be noted that a similar interest was given by the father to another son, Gary Stice, and that the father retained the remaining interest in the business. Written agreements in reference to these gifts were signed by the father, the two sons, and the wives of the respective parties including Clara J. Stice, appellant herein. In the agreement of March, 1941, under which the interest of Tod Stice was increased to a one-third partnership interest, occurs the following provision: "It is the intent of this agreement that the interest of this company shall remain in the hands of Earl, Gary and Tod Stice, their beneficiaries or direct descendants, and the legally adopted children of Gary Stice. Interest shall divert to no one not bearing the surname of Stice." The respondent's brief states that "Clara Stice was the beneficiary under the will of Tod Stice."