Graybar Electric Company v. Lowe

CAMERON, Judge.

This is an appeal by the plaintiff, Gray-bar Electric Company, Inc., from a judgment by the court sitting without a jury in favor of the defendants, Fred and Mae Lowe, and from the order denying plaintiff’s motion for new trial.

We are called upon to determine:

1. whether the defendants complied with A.R.S. § 29-311 in renouncing their interest in the partnership, and

2. whether they thereby escaped liability for the partnership debts.

The facts necessary for a determination of the matter on appeal are as follows. A certificate of formation of limited partnership was signed 30…