Legal Opinion

Ratekin v. Droge Elevator Co.

Supreme Court of Iowa

Decided December 31, 1920PublishedCited by 6 opinions

Appeal from Pottawattamie District Court. — O. D. Wheeler, Judge. Suit for an accounting of partnership assets and earnings. Batekin Seed House, Incorporated, filed cross-petition, praying that the portion apparently belonging to plaintiff be decreed the property of J. W. Batekin, and subjected to the payment of any judgment cross-petitioners may recover against said J. W. Ratekin.

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Appeal from Pottawattamie District Court. — O. D. Wheeler, Judge. Suit for an accounting of partnership assets and earnings. Batekin Seed House, Incorporated, filed cross-petition, praying that the portion apparently belonging to plaintiff be decreed the property of J. W. Batekin, and subjected to the payment of any judgment cross-petitioners may recover against said J. W. Ratekin. The district court found $3,485.15 to be plaintiff’s share of the partnership funds, and dismissed the cross-petition. The latter appeals. —

1Opinion of the CourtLadd, J.

— On January 11, 1918, Droge Elevator Company, J. W. Ratekin, and D. W. Thayer entered into a copartnership, known as the Droge Elevator Company, Seed Corn Department, with the object of engaging in buying and selling seed corn. The Droge Elevator Company paid in $200, and Ratekin and Thayer each $100, and the profits of the business were to be divided in the same ratio. The business was to be closed May 15, 1918, but was not concluded until June 22d following. On March 2, 1918, J. W. Ratekin executed an assignment to his father, the plaintiff, of all the profits which had been or might be…

2Cases cited7 opinions

  1. First National Bank v. EichmeierSupreme Court of Iowa · 1911
  2. Mickel v. WalravenSupreme Court of Iowa · 1894
  3. Taylor v. BranscombeSupreme Court of Iowa · 1888
  4. Dawson v. SimsOregon Supreme Court · 1887
  5. Davidson v. DockerySupreme Court of Missouri · 1904

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3Cited by6 opinions

  1. Barks v. KleyneSupreme Court of Iowa · 1924
  2. Erusha v. WisnewskiSupreme Court of Iowa · 1929
  3. Federal Reserve Bank v. GeannoulisSupreme Court of Iowa · 1927
  4. Porter v. WingertSupreme Court of Iowa · 1925
  5. Oelke v. HoweySupreme Court of Iowa · 1930

1 more not listed; retrieve them via the Exa API.

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