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Posted by: Tanja Trezise on Mar 10, 2015

Court: TN Court of Appeals

Attorneys 1:

J. Shannon Garrison, Dayton, Tennessee, for the appellant, Leisa Ellen Reed.

Attorneys 2:

Carol Ann Barron, Dayton, Tennessee, for the appellee, Randell Thurman.

Rebecca L. Hicks, Dayton, Tennessee for appellee, Leroy Thurman.

Judge(s): GOLDIN

This appeal stems from the trial court’s finding that an implied partnership existed between Plaintiff and one of the Defendants with respect to a cattle-raising venture. Despite finding that the parties had already entered into a complete settlement regarding the partnership checking account and remaining partnership cattle, the trial court found that certain partnership assets had not been settled. The trial court’s final decree directed that Plaintiff be paid one-half of the fair market value of these assets, and stated that if no agreement could be reached concerning their value, the items should be sold and the proceeds divided equally. We affirm in part, reverse in part, and remand the case for further proceedings as are necessary and consistent with this Opinion.