Newby's allegations stunned Claude Trout. Trout insisted that he had made every effort to conserve the partnership's cash, had not diverted any funds to friends to friends or relatives, and had been unaware that he was required to deed the Laurel Valley property to the partnership.Trout then told Newby that he would immediately make the necessary change in the title of the property. Newby cut off Trout in mid-sentence, telling the elderly gentleman that "it was too late" to transfer the property to the partnership. Within minutes, Newby had packed his briefcase and was on his way out the door when Trout stopped him. "What can I do clear this up?" Trout asked. After a brief pause, Newby replied sarcastically, "Pray."