Penney v. Penney et al.
Annotate this CaseSandra Penney appealed a circuit court judgment which concluded, among other things, that she, Michael Shay Penney (“Shay”) and Emily Penney had been partners in an implied partnership to operate a poultry-farming business in Marshall County, Alabama. The trial court found that a loan entered into by the parties in 2002 (one of many loans), the members shared in the profits and losses, and certain actions taken with regard to business property implied a general partnership. Sandra appealed the judgment, arguing the trial court erred in treating certain real property as partnership property, and when it calculated her contribution to the partnership. She also argued the judgment was inequitable and contrary to Alabama Partnership Law. Finding no reversible error however, the Alabama Supreme Court affirmed the trial court.
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