Legal Opinion
National Housing Partnership v. Municipal Capital Appreciation Partners I, L.P.
District of Columbia Court of Appeals
Decided November 1, 2007No. 03-CV-1080, 03-CV-1253, 05-CV-32 and 05-CV-62PublishedCited by 10 opinions
1Opinion of the Court
GLICKMAN, Associate Judge:
These appeals, arising under Maryland law, require us to delve into the meaning of an agreement furnishing security for the payment of a promissory note and the requirements of former Article 9, the Secured Transactions Article, of the Uniform Commercial Code. The parties’ disputes began when National Housing Partnership (“NHP”) defaulted on a $3.2 million note payment, leading Municipal Capital Appreciation Partners I, L.P. (“MCAP”) to foreclose on the collateral and acquire it for $1.4 million. In the ensuing litigation, NHP was held liable for the entire amount of…
2Cases cited30 opinions
- Heat & Power Corp. v. Air Products & Chemicals, Inc.Court of Appeals of Maryland · 1990
- Pacific Indemnity Co. v. Interstate Fire & Casualty Co.Court of Appeals of Maryland · 1985
- Holland v. HannanDistrict of Columbia Court of Appeals · 1983
- Kasten Construction Co. v. Rod Enterprises, Inc.Court of Appeals of Maryland · 1973
- In Re Zsa Zsa LimitedDistrict Court, S.D. New York · 1972
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3Cited by10 opinions
- Aziken v. District of ColumbiaDistrict of Columbia Court of Appeals · 2013
- Shewarega v. YegzawDistrict of Columbia Court of Appeals · 2008
- Bolton v. Bernabei & Katz, PLLCDistrict of Columbia Court of Appeals · 2008
- Xenophon Strategies, Inc. v. Jernigan Copeland & Anderson, PllcDistrict Court, District of Columbia · 2017
- Blue v. Fremont Investment & LoanDistrict Court, District of Columbia · 2008
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