(Download) "Seguin V. Boyd" by Arizona Court of Appeals # eBook PDF Kindle ePub Free
eBook details
- Title: Seguin V. Boyd
- Author : Arizona Court of Appeals
- Release Date : January 08, 1982
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 52 KB
Description
Appellee requested various types of relief, including an order for accounting of partnership affairs. A lengthy trial was held and voluminous exhibits are part of the record. The trial court made extensive findings of fact and conclusions of law. The findings of fact pertinent to this appeal are as follows. The parties entered into a partnership agreement for the purpose of buying and selling real estate. Appellee was to receive his entire original investment, including reasonable compensation for his labor, plus any monies advanced to appellant for her interest in the partnership. After appellee had been reimbursed in full, the parties would equally divide any profit. Appellee owned as his sole and separate properties Lot 8 of Bonita Acres and the Rock-Fairmount land (R-2 lot). He conveyed Lot 8 to the partnership as his 50% contribution and conveyed the R-2 lot to appellant, who conveyed it to the partnership as her 50% contribution. The court also found that a total of $170,596.89 was contributed to the partnership accounts by appellant contributing $900 of her separate funds and appellee contributing $169,696.89 of his separate funds, and $21,000 was contributed from the refinancing of the Van Buren property. Appellee used $42,251.24 for his personal business and the balance was used for partnership property or appellant's personal use. No funds remained in the bank account and no partnership property had been sold.
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