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HOLLEY v. FEDERAL-AMERICAN PARTNERS

No. 12927.

507 P.2d 381 (1973)

29 Utah 2d 212

Russell G. HOLLEY, Plaintiff and Respondent, v. FEDERAL-AMERICAN PARTNERS et al., Defendants and Appellants.

Supreme Court of Utah.

March 2, 1973.

Attorney(s) appearing for the Case

Leonard J. Lewis, of Van Cott, Bagley, Cornwall & McCarthy, Salt Lake City, for defendants-appellants.

John W. Horsley, of Moyle & Draper, Salt Lake City, for plaintiff-respondent.

CROCKETT, Justice:

Russell Holley, owner of a one-tenth interest in the royalties from certain uranium mining claims in Fremont County, Wyoming, sued Federal-American Partners, his lessee, seeking a favorable construction of language in their mining lease and an accounting on what is termed an "annual" method of accounting in computing "net receipts" from the mining operation, as opposed to the defendants' contention that it should be either on a "cumulative" or on...

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