Bohn v. Bohn Implement Co.

YANDE WALLE, Justice.

This is an action arising out of a disagreement over the validity and meaning of a partnership agreement entered into by two brothers, Clyde M. Bohn and Graydon J. Bohn, Sr. The trial court determined that the agreement was ambiguous and that the section of the agreement referring to the terms of payment upon an election to purchase a deceased partner’s interest was unconscionable. The trial court held that Graydon Bohn could purchase his deceased brother’s interest in the partnership, but only at the fair market value. We affirm.

Clyde and Graydon were the only children…