Gronvold v. Whaley

Plaintiff brought this action for specific performance of an oral joint venture contract entered into in 1935 with defendants R. S. Whaley and H. A. Dent. Plaintiff prayed for a decree directing Whaley and Dent to deliver certain stock to him, or, in the alternative, for a decree imposing a constructive trust on the stock so that his interest would be protected. Defendants’ answer, in addition to denials of the principal allegations of the complaint, raised a number of affirmative defenses, the statute of frauds and the statute of limitations being the only ones pertinent to the questions…