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BALVIK v. SYLVESTER

Civ. No. 11373.

411 N.W.2d 383 (1987)

Elmer BALVIK, Plaintiff and Appellee, v. Thomas SYLVESTER and Weldon Corporation, Defendants and Appellants.

Supreme Court of North Dakota.

August 20, 1987.

Attorney(s) appearing for the Case

James R. Jungroth, of Mackenzie, Jungroth, Mackenzie & Reisnour, Jamestown, for plaintiff and appellee.

James A. Wright, of Hjellum, Weiss, Nerison, Jukkala, Wright & Paulson, Jamestown, for defendants and appellants.

VANDE WALLE, Justice.

This is an appeal from a district court judgment dissolving Weldon Corporation [Weldon] and appointing a liquidating receiver to dispose of its assets. We affirm in part, reverse in part, and remand with directions.

In November 1979 Elmer Balvik and Thomas Sylvester formed a partnership, Weldon Electric, for the purpose of engaging in the electrical contracting business. Balvik contributed $8,000 and a vehicle worth $2,000, and Sylvester...

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