[DOWNLOAD] "Judy Baxter v. Thomas C. Stubbs" by Supreme Court Of Utah * eBook PDF Kindle ePub Free
eBook details
- Title: Judy Baxter v. Thomas C. Stubbs
- Author : Supreme Court Of Utah
- Release Date : January 29, 1980
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 55 KB
Description
CROCKETT, Chief Justice: Plaintiff, the owner of a parcel of commercial property located in Utah County, entered into an earnest money agreement for its sale to the defendant, Thomas C. Stubbs. Subsequently, an addendum to that agreement was executed between plaintiff and Stubbs whereby plaintiff was granted a 25 percent ... limited position in the limited partnership that is taking title. Thereafter, plaintiff executed a warranty deed conveying title to the subject property to the defendant Squaw Peak, Inc., a corporation established by Stubbs and the defendant Horton. The deed contained no mention of plaintiff retaining 25 percent interest therein. The position essayed by the plaintiff before the trial court, and here, is that inasmuch as she was transferring title to the property to the partnership, in which it had been agreed that she had a 25 percent interest, the result was that she owned 25 percent interest in the property. The trial court made findings in accordance with her contention and awarded her 25 percent interest in the assets of the partnership, which included the property in question.