Quimbee logo
DMCA.com Protection Status
From our private database of 16,300+ case briefs...

Covalt v. High

New Mexico Court of Appeals
675 P.2d 999 (1983)


Louis Covalt (plaintiff) and William High (defendant) were both officers and shareholders in a corporation called CSI. In 1971, they orally agreed to form a partnership. The partnership purchased a parcel of land and, in February 1973, leased it to CSI for a five-year term. When that term expired in 1978, the parties agreed that CSI would remain as tenant and the rent would be increased to $1,850 per month. In December 1978, Covalt resigned from CSI and began to work for a competitor. He then demanded that CSI’s rent be increased to $2,850. High declined to renegotiate the lease. Covalt sued High, seeking lost rental value among other relief. The trial court found that fair rental value for the property would have been $2,850 or higher, and that CSI was able to pay it. The court ruled that High’s failure to go along with the increase was a breach of fiduciary duty. It awarded Covalt $9,500 in lost rental value plus prejudgment interest. High appealed.

Rule of Law


Holding and Reasoning (Donnelly, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 371,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 16,300 briefs, keyed to 223 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Questions & Answers

Have a question about this case?

Sign up for a free 7-day trial and ask it

Sign up for a FREE 7-day trial