(Download) "Keith Mackay and State Stone Inc. v. Roy" by Supreme Court of Wisconsin * eBook PDF Kindle ePub Free

July 20, 2021

eBook details

Title: Keith Mackay and State Stone Inc. v. Roy
Author : Supreme Court of Wisconsin
Release Date : January 18, 1995
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 67 KB

Description

J. Earl Jones brought this cross-claim against Roy E. Hardy and Rex L. Jackson for an accounting and wind-up of a dissolved partnership pursuant to sections 48-1-34 and 48-1-40 of the Utah Code. The district court awarded Jones $76,673.23 for his interest in the partnership. Hardy and Jackson now contend that the district court erred in (i) concluding that the partnership held an equitable interest in forty-two lots subject to a lease held by Bloomington Knolls Association, (ii) valuing the partnerships interest in each of the forty-two lots at $3,500, and (iii) awarding Jones post-dissolution profits realized by the partnership on Jones share of partnership assets. We affirm the district courts equitable-interest Conclusion and valuation of the partnerships interest in the lots, reverse its award of post-dissolution profits, and remand for further proceedings consistent with this opinion.