OPINION
BURKE, Justice.
The parties to this appeal were co-owners of a Piper PA-12 aircraft. The plane was wrecked in September 1972, while being piloted by Patrick Steward, appellee. The crash occurred when the plane turned over on a remote lake on the Alaska Peninsula. Thereafter, in June 1973, appellant, Bill Coffel, accepted Steward's offer of $3,500 for his one-half interest in the aircraft.
On July 17, 1975, Coffel filed suit in the district...
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