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BELGIAN OVERSEAS SEC. CORP. v. HOWELL KESSLER CO.

88 A.D.2d 559 (1982)

Belgian Overseas Securities Corporation, Respondent, v. Howell Kessler Co. et al., Defendants, and Harold Silver et al., Appellants

Appellate Division of the Supreme Court of the State of New York, First Department.

May 25, 1982

After a nonjury trial, Trial Term properly found in favor of plaintiff against the general partners of a limited partnership which had executed a $50,000 promissory note payable to plaintiff. It is undisputed that the limited partnership is without assets to satisfy the debt due plaintiff. When partnership assets are insufficient to pay partnership debts, creditors may look to the general partners to satisfy the debts. (Partnership Law, §§ 26, 98, subd [1]; see...

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