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HENDERSON v. HENDERSON INV. PROPERTIES

No. 35138.

227 P.3d 568 (2010)

Ralph J. HENDERSON, an individual, Appellant, v. HENDERSON INVESTMENT PROPERTIES, L.L.C., an Idaho Limited Liability Company, Roger E. Henderson, an individual and Lisa A. Henderson, an individual, Respondents.

Supreme Court of Idaho, Pocatello, September 2009 Term.

February 19, 2010.

Attorney(s) appearing for the Case

Norman G. Reece, P.C., Chubbuck, for appellants. Norman Reece argued.

Cooper & Larsen, Chtd., Pocatello, for respondent. Ron Kerl argued.

W. JONES, Justice.

FACTUAL AND PROCEDURAL BACKGROUND

Appellant, Ralph Henderson (Ralph), his deceased wife, Lena Henderson (Lena), along with Respondents, their son, Roger Henderson (Roger), and daughter-in-law, Lisa Henderson (Lisa), created a business known as Henderson Investment Properties, L.L.C. (HIP). The sole purpose of HIP was to operate a Jimmie John's Gourmet Sandwich Shop in Pocatello, Idaho. When forming HIP, all four parties signed an Operating...

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