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NAT'L UNION FIRE INS. CO. OF PITTSBURGH v. WEIR

131 A.D.2d 380 (1987)

National Union Fire Insurance Company of Pittsburgh, Respondent, v. Martin Weir, Appellant

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

June 25, 1987

Defendant is a Texas resident who purchased two limited partnership units in Emerald Park Apartments, Ltd., a Texas limited partnership owning and operating an apartment complex in Texas. Defendant paid $5,000 in cash and executed a promissory note payable to Emerald Park for $92,500 for the balance of the purchase price. Pursuant to a financial guarantee bond, plaintiff National Union guaranteed the payment of the note and defendant...

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