PRESTON v. GRANADA MGT. CORP.

Docket No. 121966.

188 Mich. App. 667 (1991)

470 N.W.2d 411

PRESTON v. GRANADA MANAGEMENT CORPORATION

Michigan Court of Appeals.

Approved for publication May 1, 1991, at 9:00 A.M.


Attorney(s) appearing for the Case

Warner, Norcross & Judd (by Roger M. Clark, James F. Bossenbrock, and Mark S. Bransdorfer), for the plaintiffs.

Buchanan & Bos (by John C. Buchanan and Bradley K. Glazier) (Keck, Mahin & Cate, by Grant Cook and Robert A. Plessala, of Counsel), for the defendant.

Before: NEFF, P.J., and MAHER and HOOD, JJ.


PER CURIAM.

Plaintiffs appeal as of right from an order of the circuit court granting defendant's motion for summary disposition pursuant to MCR 2.116(C)(10). This action was commenced by two limited partners, Bruce A. Preston and Robert L. Schwartz, for themselves and on behalf of all other investors in four investment trusts known as Granada 1, Granada 2, Granada 3, and Granada 4. The focus of the issue on appeal is whether a yearly four percent fixed administration...

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