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RANCHO PESCADO v. NORTHWESTERN MUT. LIFE INS.

No. 1 CA-CIV 5327.

140 Ariz. 174 (1984)

680 P.2d 1235

RANCHO PESCADO, INC., Plaintiff-Appellant, Cross-Appellee, v. The NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY, a corporation, Defendant-Appellee, Cross-Appellant.

Court of Appeals of Arizona, Division 1, Department B.

Review Denied April 10, 1984.

Attorney(s) appearing for the Case

Hofmann, Salcito & Stevens, P.A. by Leroy W. Hofmann, Phoenix, for plaintiff-appellant, cross-appellee.

Snell & Wilmer by Loren W. Counce, Jr., Douglas W. Seitz, and James P. Muehlberger, Phoenix, for defendant-appellee, cross-appellant.

OPINION

GREER, Judge.

The main issues we determine in this appeal are whether the trial court erred by: 1) denying appellee's application to compel arbitration and, 2) reducing the jury's award of damages to appellant from $2,500,000 to $101,510, by denying the damages awarded for loss of future profits. The facts necessary to a resolution of this matter are as follows.

In 1971, James Jones (Jones) the president of appellant Rancho Pescado, Inc. (Rancho...

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