Kohlmeyer & Co. v. Braud

SCHOTT, Judge.

Plaintiffs, as the liquidators of a partnership, instituted these proceedings against ten general partners alleging that the partnership agreement provided in pertinent part as follows:

“The net losses of the partnership annually shall be . borne by the general partners in the proportions set opposite their respective names . . . ”

They alleged further that the partnership suffered losses in each of the years from 1969 through 1974 and prayed for judgment against each defendant in various amounts.

Six of the defendants filed various peremptory, declinatory and dilatory exceptions.…