Love

Love v. Wiseman

Good Law
United States District Court, Northern District of CaliforniaMarch 3, 20205:19-cv-01688California7,632 words

Opinion

Trial Court Opinion

I. BACKGROUND

1 Love alleges that in March 2012, she entered into a partnership agreement with her then in- 2 laws, Johnny Oliver Wiseman and Vicki Lynn Wiseman (the “Wisemans”) and Javea Corporation 3 (“Javea”), a California corporation created by the Wisemans. See Second Amended Adversary 4 Proceeding Complaint (“SAC”) ¶¶ 5, 8, ECF 12-1 at 6-22 (Exh. B). 5 The written record of Love’s agreement with the Wisemans is limited to an “Investment 6 Transaction” document signed by Johnny Wiseman, which states, verbatim: 7 Lee Love has made a total investment in JAVEA CORP. of $75000. (seventy-five) in anticipation of total ownership of JAVEA CORP. at a point in the future whenever she determines appropriate based solely on her financial situation. This represents a total of 33% of the value of JAVEA CORP. this date March 1 2012. that amount being $225,000.00. Trial Exh. 1, ECF 12-1 at 109. According to Love, she paid the Wisemans $75,000, and in return, they were to sell Javea and its framing business (minus one part of the business, Max Wholesalers) to her, train and employ her in the framing…

Sign in to read the full opinion

Create a free account to read the complete opinion text, citation history, and good-law status for this case.