(DOWNLOAD) "Carlyle Chick and H. Lowell Hatch v. K. D." by Supreme Court of Idaho No. 11414 ~ Book PDF Kindle ePub Free
eBook details
- Title: Carlyle Chick and H. Lowell Hatch v. K. D.
- Author : Supreme Court of Idaho No. 11414
- Release Date : January 04, 1975
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 64 KB
Description
In 1963, Carlyle Chick and H. Lowell Hatch, hereinafter called respondents, began working at appellant Lewis Korth Lumber Company for K. D. Tomlinson, appellant. Prior to taking a managerial position in that company, a corporation owned by Tomlinson, Chick worked for a time at another corporation, Beard and Company, also owned by Tomlinson. Hatch, during 1962, was simultaneously employed by Tomlinson for Tomlinson Lumber Sales and by a Mr. Davenport for Tri-Lakes Lumber Company. Tomlinson owned Tomlinson Lumber Sales, but not Tri-Lakes. Each corporation paid one-half of Hatch's salary. The assets of Tri-Lakes were subsequently purchased by Tomlinson upon the bankruptcy of Tri-Lakes. Following the bankruptcy, Hatch was guardian protector of the inventory of Tri-Lakes and was paid by Tomlinson through Lawrence Warehouse which was storing the inventory. Hatch subsequently occupied the managerial position at Lewis Korth Company. In return for their efforts at Lewis Korth Lumber Company, respondents were to each receive $500 per month salary, certain expenses, and bonuses gauged by the profits of the company. These terms were set by oral agreement. It is agreed by all parties that funds for the bonuses were to be those monies representing 40% of all net profits above the first $25,000. The dispute is found in the determination and distribution of those funds.
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