Laird v. Johns

These two suits in equity, which were consolidated for trial and appeal, seek an accounting of the business relationship between Robert Laird and W. R. Johns or the partnership of Johns, Smith & Beamer (JSB). The dispute between Laird and the partnership, which was represented by Johns, arises from a business arrangement to custom feed cattle and to conduct a cow-calf operation from about May 1,1973 to May 1,1974. JSB contends that the parties were engaged in a joint venture in both operations and that Laird is obligated to share one-half of the resulting overall losses. Laird contends that…