Cheff v. Terpstra

In October of 1956, defendant Julia Terpstra purchased and received certificate of registration for a mare named Julia Wick. Plaintiff, P. T. Cheff, subsequently paid defendant one half of the purchase price for the mare and an agreement was formed between plaintiff and defendant to race Julia Wick and share equally the profits, if any, after deduction of expenses.

The agreement, according to plaintiff, also provided for breeding the mare on termination of *143her racing career, the offspring to be jointly owned. Defendant denied this part of the agreement stating that after Jnlia Wick dropped a…