KNAEBEL v. HEINER

Nos. 6232, 6559.

663 P.2d 551 (1983)

Jeffrey J. KNAEBEL, Appellant, v. Lawrence E. HEINER, E.R. Chipp, Resource Associates of Alaska, Inc., John Doe I, and John Doe II, Appellees. RESOURCE ASSOCIATES OF ALASKA, INC., Appellant, v. Jeffrey J. KNAEBEL, Appellee.

Supreme Court of Alaska.

May 13, 1983.


Attorney(s) appearing for the Case

Allen McGrath, Mary Poteet, Graham & James, Anchorage, for appellant in No. 6232, and appellee in No. 6559.

Leroy Barker, Susan Mendenhall, Robertson, Monagle, Eastaugh & Bradley, John Strachan, Strachan, Kelly & Patterson, Anchorage, for appellees in No. 6232, and appellants in No. 6559.

Before BURKE, C.J., CONNOR, MATTHEWS and COMPTON, JJ., and SOUTER, Superior Court Judge.


OPINION

CONNOR, Justice.

This appeal is from a superior court judgment denying Jeffrey Knaebel rescission of a reorganization agreement between appellant, Knaebel, and appellees, Lawrence Heiner and E.R. Chipp.

In 1970, Knaebel and Heiner, both mining engineers, and Chipp, a geologist, founded Resource Associates of Alaska, Inc. (hereinafter referred to as "RAA"). RAA is a close corporation which conducts mineral explorations for itself and on behalf...

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