Nielsen v. Ferrenburg

(Pro Tempore)

This is a suit for an accounting arising out of a loosely structured joint venture; or series of joint ventures, between plaintiff and defendant. The defendant appeals from a decree denying defendant any recovery from a transaction involving the purchase and later sale of a Mack truck and a low-boy trailer.

In the spring of 1962, plaintiff and defendant began a series of joint ventures wherein they from time to time purchased heavy equipment for resale. In or near the month of December, 1962, the relationship between plaintiff and defendant terminated and the parties were unable…