Jones v. Acme Building Products, Inc.

CALLISTER, Justice.

Plaintiff-appellant, Jones, initiated this declaratory judgment action for a judicial determination of the term “net worth” as used in a written agreement of the parties to this action.

Jones and defendant, Lee, each owned one half the stock in the defendant corporation, Acme Building Products. They had frequent disputes and had discussed the possibility of one or the other dis associating from the business.' Sometime in May of 1966, the parties met with their accountant, Branagan, and their attorney, Mecham. According to Branagan, the parties wanted to know if he had any…