Legal Opinion
Savasta v. 470 Newport Associates
New York Court of Appeals
Decided October 7, 1993PublishedCited by 71 opinions
1Opinion of the Court
OPINION OF THE COURT
Memorandum.
The order of the Appellate Division should be affirmed, with costs.
Plaintiffs’ predecessors in interest sold a property containing two apartment buildings to defendant general partnership and took back a mortgage. Subsequently, the general partnership had difficulty in making its mortgage payments to plaintiffs. For consenting to the refinancing of the mortgage, plaintiffs were made limited partners with a 20% interest in the partnership’s profits. Under the partnership agreement, plaintiff limited partners’ interest was to terminate on January 31, 1985. At the…
2Cases cited3 opinions
- Zev v. MermanNew York Court of Appeals · 1988
- Webster's Red Seal Publications, Inc. v. Gilberton World-Wide Publications, Inc.Appellate Division of the Supreme Court of the State of New York · 1979
- Webster's Red Seal Publications, Inc. v. Gilberton World-Wide Publications, Inc.New York Court of Appeals · 1981
3Cited by71 opinions
- William L. Clair and John D. O'malley, for Themselves and for All Others Similarly Situated v. Harris Trust and Savings BankCourt of Appeals for the Seventh Circuit · 1999
- St. John's University, New York v. BoltonDistrict Court, E.D. New York · 2010
- Lia v. SaporitoDistrict Court, E.D. New York · 2012
- Boehner v. HeiseDistrict Court, S.D. New York · 2010
- In Re Universal Service Fund Telephone BillingCourt of Appeals for the Tenth Circuit · 2010
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