Guenther v. Ryerson
Annotate this CaseMichelle Ryerson appealed district court decisions entered during the dissolution and winding up of West Foothills TIC, a partnership in which she was a partner. Specifically, Ryerson argued the district court misapplied the Idaho Uniform Partnership Act by entering an order requiring liquidation of the partnership’s real property by sale at a fixed price, and by allowing her former partner the opportunity to purchase the property from the partnership. Ryerson also argued the district court erred in granting summary judgment on the issue of the real property’s value as of the date of dissolution because, as the real property’s owner, she was presumed competent to testify about its value. Finally, Ryerson argued the district court erred in dismissing her counterclaim seeking a determination that she was entitled to 50 percent of the partnership’s profits upon dissolution. Joseph Guenther, the other partner in West Foothills TIC, cross-appealed, arguing the district court misapplied a provision of the Idaho Uniform Partnership Act by determining that it could not allow Guenther to purchase the partnership’s real property without the consent of the partnership’s creditors. Guenther also argued the district court erred in declining to award him attorney’s fees because he was the prevailing party and the gravamen of his claims was a commercial transaction. After review, the Idaho Supreme Court reversed and remanded, holding: (1) the Idaho Uniform Partnership Act required the sale of partnership property upon dissolution unless otherwise agreed by the parties; and (2) the district court erred in fixing the price at which the property was to be listed for sale. The Court reversed the district court’s order attributing 100 percent of post-dissolution increases in equity in the partnership’s real property to Guenther. The Court affirmed the district court’s order denying attorney’s fees.
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