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JENSEN v. SCHRECK

No. 59612.

275 N.W.2d 374 (1979)

Merle D. JENSEN, Appellant and Cross-Appellee, v. Dennis SCHRECK and Jerome Schreck, Appellees and Cross-Appellants. Dennis SCHRECK and Jerome Schreck, Appellees and Cross-Appellants, v. Howard RANDOLPH, Appellant and Cross-Appellee.

Supreme Court of Iowa.

February 21, 1979.

Attorney(s) appearing for the Case

Fred Louis, Jr. and Robert Kohorst, Louis, Moore & Kohorst, Harlan, for appellants and cross-appellees.

Claus H. Bunz and John R. Mugan, Hansen, Bunz & Mugan, Manning, for appellees and cross-appellants.

Considered by REES, P. J., and McCORMICK, ALLBEE, McGIVERIN and LARSON, JJ.

LARSON, Justice.

This action arises out of a joint venture of Howard Randolph, Dennis Schreck and Jerome Schreck, known as Rolling Ridges Ranch, a farming and livestock operation in Guthrie County. This venture fell on hard times and was dissolved as of December 31, 1970. An action for collection of an account was followed by a cross-petition for an accounting and to set aside a real estate contract forfeiture. It is from the trial court's decree in the accounting...

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