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LADWIG & LADWIG, INC. v. ORLIN LADWIG, INC.

No. C1-85-155.

372 N.W.2d 408 (1985)

LADWIG & LADWIG, INC., and Floyd Ladwig, individually, Appellants, v. ORLIN LADWIG, INC., and Orlin Ladwig, individually, Respondents.

Court of Appeals of Minnesota.

August 13, 1985.

Attorney(s) appearing for the Case

Thomas W. Lies, St. Cloud, for appellants.

Douglas P. Anderson, Little Falls, for respondents.

Considered and decided by LESLIE, P.J., and FOLEY and HUSPENI, JJ.

OPINION

FOLEY, Judge.

Ladwig & Ladwig, Inc. and Floyd Ladwig (plaintiffs/appellants) appeal the trial court's ruling that neither Orlin Ladwig, Inc. nor Orlin Ladwig individually (defendants/respondents) owe them any money, since the defendant corporation paid its full obligation to plaintiffs under the corporate "spin-off" agreement. We affirm.

FACTS

For some years prior to 1980, Floyd Ladwig...

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