Lundgaard v. Baxter

BRIGHTMIRE, Judge.

Did one mining partner obtain an assignment of the other partner’s interest in an oil and gas lease joint venture by means of fraud and deceit, requiring the trial court to either rescind the assignment or award damages or both? The trial court held the evidence disclosed no malfeasance on the part of the assignee partner and denied relief to the complaining assignor.

The aggrieved partner appeals. We reverse.

I

In order to deal fairly and understandably with the issues presented, it is necessary to make a somewhat extensive recitation of the relevant evidence adduced during…