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Business Associations Keyed to Bainbridge
Kovacik v. Reed
Citation:315 P.2d 314 (Cal. 1957)
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- Topic: Identifies the topic of law and where this case fits within your course outline.
- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
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- Brief Facts: A Synopsis of the Facts of the case.
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- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
In November 1952, Kovacik told Reed that he had a chance to remodel some kitchens in San Francisco, and asked Reed to become his job superintendent and estimator. Kovacik explained that he had about $10,000 to invest and that he would share profits on a 50-50 basis. The two did not discuss possible losses at all. Reed accepted Kovacik’s proposal and began work on the venture immediately. Reed worked on all of the jobs as job superintendent, but contributed no funds. Instead, Kovacik provided the financing. In August, 1953, Kovacik told Reed that the venture had lost money and demanded that Reed contribute to the amounts that he had advanced beyond the income he received. Reed refused to pay.
- Issue(s): Lists the Questions of Law that are raised by the Facts of the case.
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