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SQUIRE, INC. v. COOMBS

No. 14072.

545 P.2d 534 (1976)

The SQUIRE, INC., a Utah Corporation, and Harvey Smith, an Individual, Plaintiffs and Appellants, v. Lynn H. COOMBS, Defendant and Respondent.

Supreme Court of Utah.

January 30, 1976.

Attorney(s) appearing for the Case

James R. Brown, of Jardine, Baldwin, Brown & Sessions, Salt Lake City, for plaintiffs and appellants.

Reed A. Watkins, of Watkins & Faber, Salt Lake City, for defendant and respondent.

ELLETT, Justice:

A joint venture agreement was entered into by and between Lynn H. Coombs and Vista International Corporation (hereafter referred to as Vista) for the purpose of subdividing some land owned by The Squire, Inc. Mr. Coombs owned all of the stock of The Squire and, as a part of the agreement, he transferred all of The Squire stock to Vista. The parties further agreed that the joint venture would be effectuated through the Squire Corporation. Thus both...

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