Reid v. Reid

*461OPINION

By the Court,

Zenoff, J.:

Raymond Reid and DeAnn Reid were married in 1962. Two children, ages nine and seven at the time of the divorce, were born of the marriage.

Raymond was a sheetmetal worker at the Nevada Test Site when on July 1, 1971 the Reids, with another couple, the Montheis, purchased Pet Village, Inc. for $213,000. These divorcing parties owned 50 percent of the corporation paying $15,000 for their share of the stock.

As part of their down payment Raymond and DeAnn borrowed $5,000 from DeAnn’s father, Mr. Hess. Raymond signed a note for that amount to Mr. Hess who, in turn,…