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CANADIAN COMMERCIAL BANK v. ASCHER FINDLEY CO.

Docket No. B039160.

229 Cal.App.3d 1139 (1991)

280 Cal. Rptr. 521

CANADIAN COMMERCIAL BANK, Plaintiff and Appellant, v. ASCHER FINDLEY COMPANY, Defendant and Appellant; ISAAC BARANOWICZ et al., Defendants, Cross-complainants and Appellants; MONTGOMERY EQUIPMENT CO., Cross-defendant and Appellant.

Court of Appeals of California, Second District, Division Five.

May 1, 1991.

Attorney(s) appearing for the Case

COUNSEL

Mudge, Rose, Guthrie, Alexander & Ferdon, Christopher Norgaard and Elizabeth M. Matthias for Plaintiff and Appellant.

Parker, Milliken, Clark, O'Hara & Samuelian, Claire D. Johnson and Michael M. Mullins for Defendant and Appellant and for Defendants, Cross-complainants and Appellants.

Rutter, O'Sullivan, Greene & Hobbs, Warren G. Greene and Olivia Goodkin for Cross-defendant and Appellant.

OPINION

GRIGNON, J.

This appeal is part of a complex web of litigation arising from a limited partnership tax shelter investment gone awry. The limited partners seek to reverse a judgment entered against them pursuant to a jury's general verdict rendered in connection with their agreement to assume certain obligations of the partnership. One of the questions presented in this appeal is whether a creditor's failure to comply with the...

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