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UNIVERSAL LENDING CORP. v. WIRTH COMPANIES

Nos. CX-85-1711, C4-85-1719.

392 N.W.2d 322 (1986)

UNIVERSAL LENDING CORPORATION, individually and on Behalf of First Street Companies, Respondents, v. WIRTH COMPANIES, INC., and Harry M. Wirth, Appellants.

Court of Appeals of Minnesota.

August 19, 1986.

Attorney(s) appearing for the Case

Michael A. Nekich, Lawrence J. Field, Leonard Street & Deinard, Minneapolis, for respondents.

Jerrold M. Hartke, St. Paul, for appellants.

Heard, considered and decided by RANDALL, P.J., and LANSING and HUSPENI, JJ.

OPINION

LANSING, Judge.

Harry Wirth and Wirth Companies, Inc., appeal from a judgment determining that they owe respondent Universal Lending Corporation $499,000 resulting from the breach of a partnership agreement and their actions in operating the partnership business. We affirm in part, reverse in part, and remand.

FACTS

In April 1983, Harry Wirth and California mortgage brokers Paul Feldman and Dan Christensen agreed to form a partnership...

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