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Business Organizations Keyed to Macey
Singer v. Singer
Citation:634 P.2d 766 (1981)
The Singer family formed an oil production partnership in the late 1930s. Through inheritance and assignments, partnership interests have been conveyed to other family members. On July 1979, the Josaline partners held a meeting. At the meeting several investment opportunities were raised. One item of interest on the agenda was the possible purchase of 95 acres of land in the Britton area owned by Investors Diversified Services (IDS). After the meeting, defendants Stanley and Andrea formed a general partnership, Gemini Realty Company and on September 1979 purchased the IDS land. Joe L. learned of the transaction and demanded Singer Bros. partnership be permitted to purchase 50 percent of the property. Stanley withdrew the offer. No other member of the Singer family was permitted to participate.
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