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YAGER v. FARMERS' MUT. TELEPHONE CO.

No. 66501.

323 N.W.2d 245 (1982)

Keith YAGER, Appellee, v. FARMERS' MUTUAL TELEPHONE COMPANY and the Farmers' Mutual Telephone Company of Riceville, Iowa, Appellants.

Supreme Court of Iowa.

August 25, 1982.

Attorney(s) appearing for the Case

M. D. Allison, Rockford, for appellants.

Keith A. McKinley of Dunkelberg, McKinley & Folkers, Osage, for appellee.

Considered by REYNOLDSON, C. J., and HARRIS, McCORMICK, LARSON, and SCHULTZ, JJ.

REYNOLDSON, Chief Justice.

Defendant telephone companies appeal from a declaratory judgment decree awarding plaintiff employee $20,172.42 in retirement benefits as third-party beneficiary of a purchase contract under which one company purchased all the stock of the other. We affirm.

This case was tried in equity, thus we review it de novo. Citizens Savings Bank v. Sac City State Bank, 315 N.W.2d 20, 24 (Iowa 1982...

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