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JONES v. ACME BUILDING PRODUCTS, INC.

No. 11171.

450 P.2d 743 (1969)

22 Utah 2d 202

John P. JONES, Plaintiff and Appellant, v. ACME BUILDING PRODUCTS, INC., and Gordon G. Lee, Defendants and Respondents.

Supreme Court of Utah.

February 10, 1969.

Attorney(s) appearing for the Case

David E. Yocom, of Browning & Yocom, Salt Lake City, for appellant.

Reed L. Martineau, Robert M. McDonald, of Worsley, Snow & Christensen, Salt Lake City, for respondents.

CALLISTER, Justice.

Plaintiff-appellant, Jones, initiated this declaratory judgment action for a judicial determination of the term "net worth" as used in a written agreement of the parties to this action.

Jones and defendant, Lee, each owned one half the stock in the defendant corporation, Acme Building Products. They had frequent disputes and had discussed the possibility of one or the other disassociating from the business. Sometime in May of 1966, the...

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