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ALASKA CONTINENTAL v. ANCHORAGE COM. LAND

No. S-2644.

781 P.2d 562 (1989)

ALASKA CONTINENTAL BANK, Appellant, v. ANCHORAGE COMMERCIAL LAND ASSOCIATES, Appellee.

Supreme Court of Alaska.

October 20, 1989.

Attorney(s) appearing for the Case

Michael Zahare, Bradbury, Bliss & Riordan, Anchorage for appellant.

Timothy R. Byrnes, Hughes, Thorsness, Gantz, Powell & Brundin, Anchorage, for appellee.

Before MATTHEWS, C.J., and RABINOWITZ, BURKE, COMPTON and MOORE, JJ.

RABINOWITZ, Justice.

This appeal is governed by the law of Hawaii.1 The main dispute concerns the liability of a limited partnership for a loan negotiated by its former general partner and Alaska Continental Bank. The issues presented are whether the limited partners ratified the bank loan, and whether the partnership is estopped to deny the validity of the loan. The counterclaim raises the question whether the limited partnership should...

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