Business Associations Keyed to Hamilton
Dreifuerst v. Dreifuerst
Facts
The partnership of the Dreifuersts (P) and their brother (D) operates two feed mills. There was nothing written governing the partnership. The family served their brother with a notice of dissolution and wrap up of the partnership. The dissolution complaint alleged that the family (P) decided to dissolve the partnership without grounds for the dissolution. The partners could not agree on how to wrap up the partnership. Dreifuerst (D) requested at hearing that the partnership be sold and the court allow a sale in which partners would bid on the whole property. By such a sale, Dreifuerst (D) reasoned he could obtain his fair share of the assets in cash while the family (P) continued to run business with a new partnership. The trial court denied the request and divided the assets according to value presented by the family (P). Dreifuerst (D) appealed.
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