IRIART v. JOHNSON

No. 7547.

411 P.2d 226 (1965)

75 N.M. 745

Mary Louise IRIART, Catherine Julia Iriart, and Christina Iriart, minors, by Marian O. Iriart, their Mother and Next Friend, Plaintiffs-Appellants and Cross-Appellees, v. Robert J. JOHNSON, Defendant-appellee and Cross-Appellant. Jean E. JOHNSON, James T. Pierce, and Jane Pierce, Defendants-Appellees.

Supreme Court of New Mexico.

Rehearing Denied February 24, 1966.


Attorney(s) appearing for the Case

Milton S. Seligman, Leland B. Franks, Sutin & Jones, Albuquerque, for appellants and cross-appellees.

Hines & Mistretta, Albuquerque, for defendants-appellees.


NOBLE, Justice.

The minor beneficiaries of three trust agreements have appealed from a judgment denying recovery against a real estate broker for breach of fiduciary duty.

The facts may be summarized from the findings of the trial court. In 1957, Juan Iriart, owner of the forty acres of land involved, conveyed the land to trustees for his minor daughters. Mr. Iriart had been trying to sell the land for $1500 per acre. After conveyance to the trustees, Iriart...

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