Phillips v. Goard

This is a dispute between the members of a limited partnership over the distribution of the proceeds of the sale of the partnership assets. The assets sold were the entire facilities of a radio station in Portland, designated by the call letters KPFM and KPiAM. The trial court found in favor of plaintiffs. Defendant appeals.

The partnership was formed in 1944 by written agreement. Defendant Goard became the only general partner, plaintiffs Phillips, Murray and Dolores Zabelle’s deceased husband were the limited partners. The business purpose of the partnership was to obtain the essential…