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KALICHMAN v. BEVERLY HOLDING

130 A.D.2d 327 (1987)

Joseph Kalichman, Individually and as a Partner in Beverly Holding Company, Respondent, v. Beverly Holding Company, Defendant, and Jack Klein, Individually and as a Partner in Beverly Holding Company et al., Appellants

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

October 15, 1987

Attorney(s) appearing for the Case

Saperston & Day, P. C. (Laurence D. Behr of counsel), for appellants.

Roland & Fogel (George A. Roland of counsel), for respondent.

MAIN, J. P., WEISS, YESAWICH, JR., and LEVINE, JJ., concur.

CASEY, J.

In 1957, following the purchase of premises located at 2432 University Avenue in The Bronx, plaintiff and Joseph Klein (hereinafter decedent) formed defendant Beverly Holding Company, a partnership, whose sole asset was the Bronx property which contained apartments. In 1967, plaintiff and decedent obtained two bonds from National Savings Bank of Albany (hereinafter the bank), totaling $189,000, which...

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