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30(...continued)
they had repudiated their debt.
Q. So there wouldn't be any situation where a * * *
[partner] would walk away or repudiate part of his or her
debt, to your recollection?
A. Nothing as a part repudiation comes to mind. I
don't recall that happening.
Q. Did you keep any records on the value of the sheep
that were returned, or sold on the foreclosed notes at the
time they were returned back to the manager of the sheep
[Barnes Ranches]?
A. No, we didn't have to. We had been instructed by
counsel years ago that that should be agreed between the
partnership and Barnes Ranches that the sheep returned had
the value of the balance of the note.
Q. And these could be sheep that were any age, is that
right?
A. Yes.
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