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LAND RESOURCES DEVELOPMENT v. KAISER AETNA

No. 12336.

676 P.2d 235 (1984)

LAND RESOURCES DEVELOPMENT, a California Corporation, Appellant, v. KAISER AETNA, a California general partnership, Respondent. KAISER AETNA, a California general partnership; Aetna Life Insurance Company; Temecula Properties, Inc.; Kaiser Rancho California, Inc.; and Kaiser Hawaii Kai Development Company, Appellants, v. HOLLAND PACIFIC HITCH COMPANY, Respondent.

Supreme Court of Nevada.

January 25, 1984.

Attorney(s) appearing for the Case

Burd, Friedman, Bartko & Welsh, San Francisco, Cal., Fahrenkopf, Mortimer, Sourwine, Mousel & Sloane, Reno, for Land Resources.

Miller, Starr & Regalia, Oakland, Cal., Lionel, Sawyer & Collins, Reno, for Kaiser, et al.

Lester H. Berkson, Zephyr Cove, Hale, Lane, Peek, Dennison & Howard, Reno, for Holland Pacific.

OPINION

PER CURIAM:

Respondent and cross-appellant, Kaiser Aetna (Kaiser), was a general partnership engaged in the business of buying, selling and developing real property. Kaiser owned eighty-four approved condominium lots in a Lake Tahoe area subdivision known as Pinewild. At some time in 1976, the partners of Kaiser decided to dissolve the partnership and liquidate their assets. Consequently, a number of land developers were informed that the eighty...

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