DIAMOND A CATTLE COMPANY v. BROADBENT

No. 9503.

505 P.2d 64 (1973)

84 N.M. 469

The DIAMOND A CATTLE COMPANY, a New Mexico corporation, Plaintiff-Appellee, v. J. R. BROADBENT, Defendant-Appellant.

Supreme Court of New Mexico.

January 5, 1973.


Attorney(s) appearing for the Case

Atwood, Malone, Mann & Cooter, Robert A. Johnson, Paul A. Cooter, Roswell, for appellant.

Jennings, Christy & Copple, Roswell, for appellee.


OPINION

McMANUS, Chief Justice.

In February, 1968, a joint venture was formed between the parties for the purpose of buying and selling cattle. Under the terms of the venture, plaintiff, The Diamond A Cattle Company, would advance or arrange for all necessary funds and supervise the fiscal and accounting operations. All costs, expenses, profits, and losses of the venture were to be borne equally by plaintiff and defendant, J.R. Broadbent. From time to time...

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