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WELKER v. LANGTRY FARM PARTNERSHIP

No. 89-411.

463 N.W.2d 97 (1990)

Chris WELKER, Appellee/Cross-Appellant, v. LANGTRY FARM PARTNERSHIP, Defendant, John F. Langtry a/k/a Sam Langtry, Appellant/Cross-Appellee, and Norman Gale Heath, Appellee/Cross-Appellant.

Court of Appeals of Iowa.

September 26, 1990.

Attorney(s) appearing for the Case

James D. Meyer of the Meyer Law Firm, Chariton, for John F. Langtry.

R. William Peterson of the Shelton Law Firm, Chariton, for Chris Welker.

Monty W. Franklin, Humeston, for Norman Gale Heath.

Heard by DONIELSON, P.J., and SACKETT and HABHAB, JJ.

HABHAB, Judge.

Chris Welker, John F. Langtry, and Norman Heath entered into a partnership to rent and farm certain land in Decatur County for the year 1987. The land was leased from Travelers Insurance Company, which had obtained the land in foreclosure proceedings against Welker in 1984. Welker had leased the land in 1985 and 1986, but financial difficulties prevented him from individually renting it in 1987.

Welker and Heath borrowed $65,000 from Langtry...

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