SANGAMON ASSOC. v. CARPENTER 1985 FAMILY

No. SC 86476.

165 S.W.3d 141 (2005)

SANGAMON ASSOCIATES, LTD., et al., Appellants, v. The CARPENTER 1985 FAMILY PARTNERSHIP, LTD., et al., Respondents.

Supreme Court of Missouri, En Banc.

As Modified on Denial of Rehearing July 12, 2005.


Attorney(s) appearing for the Case

Frederick H. Riesmeyer, II, William P. Denning, Kansas City, MO, for Appellants.

Rhonda E. Smiley, Kansas City, MO, W. Edward Reeves, Caruthersville, MO, for Respondents.


MARY R. RUSSELL, Judge.

Two partners in a real estate venture fell into disagreement resulting in a court-ordered partition sale of their jointly-held property. The only bid at the public sale was made by one of the partners. The trial court, finding the bid to be grossly inadequate, set aside the sale and encouraged the partners to settle. Over two years after the public sale, the bidding partner offered to increase his bid, and over the objection of the non-bidding...

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