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Home Q & A Board Humanities Legal Studies
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Irrelevantshine Irrelevantshine
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6 years ago
Limited Partnership Dissolution. Elfon Realty Co was a limited partnership in which Harry Macklowe was the sole general partner and 42nd Street Development Corp was the sole limited partner. The limited partner assigned its right to receive partnership distributions to a third party, in violation of the express conditions of the partnership agreement. In the litigation that followed, a central issue was whether 42nd Street Development Corp should be entitled to an accounting in view of the fact that it had breached the partnership agreement. Discuss fully whether 42nd Street's assignment was sufficient misconduct to bar it from an accounting of partnership assets and profits.
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zoechunnzoechunn
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#1
6 years ago
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Irrelevantshine Author
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6 years ago
Thank you, thank you, thank you!
amandamraz
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Yesterday
Good timing, thanks!
Hellish Lover
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2 hours ago
Helped a lot
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