CAIN v. GRACE

No. 84-269.

508 A.2d 699 (1986)

Michael G. CAIN v. Edward P. GRACE III.

Supreme Court of Vermont.

February 28, 1986.


Attorney(s) appearing for the Case

Samuel H. Press, of Samuelson, Portnow & Little, P.C., Burlington, for plaintiff-appellee.

Phyllis G. Severance, of McNamara, Fitzpatrick & McCormick, Burlington, for defendant-appellant.

Before HILL, PECK, GIBSON and HAYES, JJ.


HILL, Justice.

Defendant appeals the judgment of the lower court finding him liable in contract to plaintiff in the amount of $17,688.75. We affirm.

The parties to this litigation entered into an agreement to buy an airplane in the fall of 1978. They contributed equally to the purchase price, and they agreed to share equally the profits and losses generated by the venture. Although the precise terms of the agreement were never reduced to writing, the trial...

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