Smith v. Manchester Management Corp.

The plaintiff, William A. Smith, entered into a partnership agreement with the defendant, Manchester Management Corporation. The resulting partnership, Bedford Village Associates, was formed for the purpose of developing a tract of land and the buildings thereon for use an an “antique fair” area, where antique shows and auctions would be held. The endeavor proved a financial failure, and the partnership no longer is an ongoing business operation. While the partners have expressed a desire to terminate the partnership, no final accounting of the partnership affairs has yet been made.

Plaintiff…