Graydon O. Pleasants v. James D. Locke

Opinion for the Court filed by Chief Judge MIKVA.

MIKVA, Chief Judge:

This appeal raises interesting questions about the common law right of contribution and how to evaluate a joint debtor’s claim that he paid more than his pro rata share where the transaction involved an exchange of two intangibles not subject to easy valuation. We affirm the district court’s resolution of these questions on the facts before us.

I. BACKGROUND

This diversity suit arises from the satisfaction of a loan from Daniel Parker to Barclay Properties, Inc. (“Barclay”), a real estate development company in the District of…