California Court of Appeal April 28, 1992, B052993 (Industrial Asphalt, Inc. v. State Board of Equalization)

Opinion

STEPHENS, J.

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Facts

The facts were stipulated, but a very brief summation establishes that Industrial and Huntmix were (and are) California corporations doing business in asphalt-related endeavors. They formed a joint venture partnership (referred to hereinafter as Venture) to do the same type of business.