HUM v. ULRICH

No. 89-852.

458 N.W.2d 615 (1990)

Paul HUM, Individually and Derivatively, on behalf of all shareholders of Beaver Valley Livestock, Ltd., Appellant, v. Clayton ULRICH, Individually and d/b/a Clayton Ulrich and Sons, and Beaver Valley Livestock, Ltd., Appellee.

Court of Appeals of Iowa.

April 24, 1990.


Attorney(s) appearing for the Case

Jon Fister of Beecher, Beecher, Holmes & Rathert, Waterloo, for appellant.

Gene Yagla and John A. Stitely of Lindeman & Yagla, Waterloo, for appellee.

Heard by OXBERGER, C.J., and SCHLEGEL and SACKETT, JJ.


SCHLEGEL, Judge.

Paul Hum has appealed the district court judgment arising out of a dissolution of a partnership with Clayton Ulrich. He challenges the trial court's accounting of the assets and profits of the partnership. We modify the trial court.

In 1977, Hum became a one-third partner with Ulrich and Ralph Miller of a livestock purchasing and selling operation known as Beaver Valley Livestock. The land and buildings where the business was located were...

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