TEETER v. DE LORENZO


275 A.D.2d 528 (2000)

711 N.Y.S.2d 629

GORDON D. TEETER et al., Appellants, v. CHARLES T. DE LORENZO, Respondent.

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

Decided August 3, 2000.


Lahtinen, J.

The two plaintiffs and defendant entered into a written partnership agreement on October 17, 1979 for the specific purpose of purchasing real property in the Village of Endicott, Broome County, upon which the partners proposed to construct and then operate, maintain and own a 53-unit apartment complex.

In February 1995, pursuant to article 19 of the partnership agreement, each plaintiff served a written notice of intention to retire on the other...

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