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OLMSTEAD v. HEIDELBERG INN, INC.

No. 14039.

673 P.2d 76 (1983)

105 Idaho 774

James OLMSTEAD and Joan Elmstead, husband and wife, Plaintiffs-Respondents, v. HEIDELBERG INN, INC., an Idaho corporation, Defendant-Appellant.

Court of Appeals of Idaho.

November 22, 1983.

Attorney(s) appearing for the Case

James L. Kennedy, Jr. of Kennedy, duPont & Crabtree, Ketchum, for defendant-appellant.

Bruce J. Collier of Kneeland, Laggis, Korb, Collier, Benjamin & Russell, Ketchum, for plaintiffs-respondents.

SWANSTROM, Judge.

James and Joan Olmstead bought into the Heidelberg Inn at Ketchum, Idaho, and took over operation of the motel from the owners, Ross and Nancy Fitzpatrick, in July 1977. The venture proved dissatisfying to both couples and the Olmsteads wanted out. When their efforts to resign and to obtain payment for corporate stock they had purchased were resisted by the Fitzpatricks, the Olmsteads brought this declaratory judgment action against the corporation...

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