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19697 Case3

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19697 Case3
CASE 3.5

Goodner Brothers, Inc.
“Woody, that’s $2,400 you owe me. Okay? We’re straight on that?”
“Yeah, yeah. I got you.”
“And you’ll pay me back by next Friday?”
“Al. I said I’d pay you back by Friday, didn’t I?”
“Just checkin’.”
Borrowing money from a friend can strain even the strongest relationship. When the borrowed money will soon be plunked down on a blackjack table, the impact on the friendship can be devastating.
Woody Robinson and Al Hunt were sitting side by side at a blackjack table in Tunica,
Mississippi. The two longtime friends and their wives were spending their summer vacation together as they had several times. After three days of loitering in the casinos that line the banks of the Mississippi River 20 miles south of Memphis, Woody found himself hitting up his friend for loans. By the end of the vacation, Woody owed Al nearly $5,000. The question facing Woody was how he would repay his friend.1

Two Pals Named Woody and Al
Woodrow Wilson Robinson and Albert Leroy Hunt lived and worked in Huntington,
West Virginia, a city of 60,000 tucked in the westernmost corner of the state. The bluecollar city sits on the south bank of the Ohio River. Ohio is less than one mile away across the river, while Kentucky can be reached by making a 10-minute drive westward on Interstate 64. Woody and Al were born six days apart in a small hospital in eastern
Kentucky, were best friends throughout grade school and high school, and roomed together for four years at college. A few months after they graduated with business management degrees, each served as the other’s best man at their respective weddings.
Following graduation, Al went to work for Curcio’s Auto Supply on the western outskirts of Huntington, a business owned by his future father-in-law. Curcio’s sold lawnmowers, bicycles, and automotive parts and supplies, including tires and batteries, the business’s two largest revenue producers. Curcio’s also installed the automotive parts it sold, provided oil and

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