Brooks v. Muth

WOOD (Fred B.), J.

The parties entered into a joint venture contract for the feeding and marketing of beef cattle covering the period of March 28 to October 31,1952. Plaintiff furnished the money for the purchase of the cattle and certain advances to defendants for their care; defendants furnished the ranch, the feed and the care. The main issues upon this appeal pertain to the determination of the question whether this venture resulted in a profit or a loss and in either case, how much. Three clauses of the agreement are especially significant to this inquiry.

The duration of the venture and…