Covalt v. High

675 P.2d 999 (1983)

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Nature of the Case

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Facts

Covalt (P) filed suit against High (D) seeking the sale of real property, an accounting as to former partnership property, and actual and punitive damages. P and D were stock owners in a corporation called CSI. They then formed a partnership and built a building and then rented that building to CSI. Eventually, P resigned his corporate position at CSI and was employed by a competitor. P and D remained partners, and P demanded an increase in the rent. D felt that CSI couldn't pay that increase due to its poor financial condition. The trial court disagreed. The trial court ordered the claim for lost rental income separated from the other issues. Trial was held on that issue, and P was awarded $9,500 plus prejudgment interest in the sum of $2,269. D appealed.