FRY v. O'KEEFE

No. 3780.

299 P.2d 202 (1956)

Robert C. FRY and Frances Fry, his wife, Appellants, v. James Leo O'KEEFE and Lottie O'Keefe, his wife, Respondents.

Supreme Court of Nevada.

Rehearing Denied October 9, 1956.


Attorney(s) appearing for the Case

Bert Goldwater, Reno, for respondents.

Guild, Busey & Guild, Reno, for appellants.


EATHER, Justice.

This is a suit to dissolve a joint venture. Involved upon this appeal is a question of proper division of the venture's capital. The venture proved unprofitable and a substantial loss was sustained. The trial court held that, under the agreement between the parties, the capital advanced by plaintiff O'Keefe was first to be repaid. Since the proceeds available after discharge of debts left nothing to go to defendant Fry the court awarded the full balance...

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