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SANLEY CO. v. LOUIS

197 A.D.2d 412 (1993)

602 N.Y.S.2d 605

Sanley Company, Respondent, v. Peter Louis et al., Appellants

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

October 14, 1993

Plaintiff Sanley Company and defendant Peter Louis formed the defendant partnerships for the purposes of acquiring, managing and reselling residential real estate. The major asset of each of the two partnerships is a residential apartment building. The properties involved are located at 131 West 87th Street and 74 West End Avenue. No term of duration was set by the partners with respect to either partnership. The partnerships were...

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