James Ventures, L.P. v. Timco Aviation Services, Inc.

Plaintiff-Appellant James Ventures, L.P. (“JV”) appeals the district court’s grant of summary judgment in favor of Defendanh-Appellee Timco Aviation Services, Inc. (“Timco”) on JV’s claim for breach of an oral indemnification agreement. The district court held that JV was not a real party in interest and dismissed the action pursuant to Fed.R.Civ.P. 17. Alternatively, the court determined that JV’s claims were barred by the three year statute of limitations under Arizona law for breach of an oral contract of indebtedness. Az. Stat. § 12-543. On appeal, JV asserts that it is a real party in…