The case is about a partnership dissolution dispute involving the distribution of assets and losses of an asphalt plant in Kamloops, British Columbia. Three parties agreed to purchase the plant and supply asphalt to Parker Paving Corporation (PPC). The court resolved the dissolution of the partnership between two parties, recognizing a creditor who provided start-up capital. The court ordered a pro-rata distribution of the partnership's assets and ruled on specific aspects of the partnership agreement, damages, and disputes over the final accounting. Ike appealed, challenging the award of prejudgment interest and challenging the determination of the repayment of capital contribution. The superior court evaluated conflicting evidence of allegations of breach of fiduciary duty by Ike for not using the asphalt plant for the benefit of the dissolved partnership.

Parker v. Northern Mixing Co. (1988)
Alaska Supreme Court
756 P.2d 881

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