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GREENBERG v. ALTER COMPANY

No. 50632.

124 N.W.2d 438 (1963)

Harry GREENBERG, Appellee, v. ALTER COMPANY, an Iowa Corporation, Appellant.

Supreme Court of Iowa.

November 12, 1963.

Attorney(s) appearing for the Case

Margaret Stevenson, Lambach, Shorey & Plath, Davenport, for appellant.

Doerr, Dower & Rehling, Davenport, for appellee.

THORNTON, Justice.

Plaintiff and defendant, Alter Company, a corporation, entered into a joint venture in June of 1950 to purchase steel landing mats from the General Services Administration. The intention of course was to resell the same at a profit. Approximately $117,000 was paid for 4,600 tons of steel landing mats. From June, 1950, to May 25, 1953, approximately 1,300 tons of the mats were disposed of by the joint...

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