HARRIOTT v. TRONVOLD

No. 01-1547.

671 N.W.2d 417 (2003)

Charles HARRIOTT and James Harriott, Appellants, v. Carlton O. TRONVOLD, Individually and as Trustee of the Carlton O. Tronvold Trust, dated 9/29/92, Appellees.

Supreme Court of Iowa.

November 13, 2003.


Attorney(s) appearing for the Case

Peter C. Riley of Tom Riley Law Firm, P.L.C., Cedar Rapids, for appellants.

Thomas D. Wolle of Moyer & Bergman, P.L.C., Cedar Rapids, for appellees.


LAVORATO, Chief Justice.

In this declaratory judgment action involving three shareholders of a closed corporation, two of the shareholders sued the third. The petition alleged breach of an oral contract to contribute to the corporation to cover cash shortfalls, breach of an oral contract to sell the assets of the corporation, and interference with contractual relations with the corporation.

The district court granted the defendants' motion for directed verdict...

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