Universal Lending Corp. v. WIRTH COMPANIES

OPINION

LANSING, Judge.

Harry Wirth and Wirth Companies, Inc., appeal from a judgment determining that they owe respondent Universal Lending Corporation $499,000 resulting from the breach of a partnership agreement and their actions in operating the partnership business. We affirm in part, reverse in part, and remand.

FACTS

In April 1983, Harry Wirth and California mortgage brokers Paul Feldman and Dan Christensen agreed to form a partnership to acquire, hold for investment and operate First Street Station, a Minneapolis restaurant. In May 1983 they formed First Street Companies, a partnership…