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COMBE v. WARREN'S FAMILY DRIVE-INNS, INC.

Nos. 18513, 18447.

680 P.2d 733 (1984)

Keith B. COMBE, Plaintiff and Respondent, v. WARREN'S FAMILY DRIVE-INNS, INC., a Utah Corporation; Dean Taggart and Marilyn Taggart, husband and wife, and J. Richard Bell, Defendants and Appellants. WARREN'S DRIVE-INNS, INC., a Utah Corporation, Plaintiff and Appellant, v. Keith B. COMBE, dba Warren's Family Drive-Inns; and Schmidt, Hazen, Smith, and James & Co., a Utah Professional Corporation, Defendants and Respondents.

Supreme Court of Utah.

April 3, 1984.

Attorney(s) appearing for the Case

J. Richard Bell, Salt Lake City, for Warren's.

David J. Knowlton, Ogden, for Combe.

HOWE, Justice:

This appeal involves two lawsuits consolidated for trial.

Warren's Family Drive-Inns, Inc. (the "Corporation") was formed under Utah law in 1971 for the purpose of engaging in fast food service. All of the stock was sold to Keith Combe and Dean Taggart in 1973 for a down payment of $10,000, Combe receiving 49% of the stock and Taggart 51%. The two principal assets of the Corporation consisted of the Roy unit and the Riverdale unit, two drive...

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