Rapoport v. 55 Perry Co.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtTilzer, J.
In 1969, Simon, Genia and Ury Rapoport entered into a partnership agreement with Morton, Jerome and Burton Parnés, forming the partnership known as 55 Perry Company. Pursuant to the agreement, each of the families owned 50% of the partnership interests. In December of 1974 Simon and Genia Rapoport assigned a 10% interest of their share in the partnership to their adult children, Daniel and Kalia. The Parnés defendants were advised of the assignment and an amended partnership certificate was filed in the County Clerk’s office indicating the addition of Daniel and Kalia as partners. However,…
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