Legal Opinion
Sloan v. Thornton
Supreme Court of Virginia
Decided April 21, 1995No. Record 940991PublishedCited by 8 opinions
1Opinion of the CourtJustice Lacy
The primary issue in this appeal is whether there was any credible evidence to support a jury verdict imposing personal liability on a limited partner for a debt of the partnership.
Kanawha Trace Development Partners (KTDP) is a Virginia limited partnership formed in 1984 to develop a condominium project. The initial limited partners were Jeffrey J. Rawn and Dr. John L. Thornton, each owning a 25 percent interest in the partnership. The general partners of KTDP were Rawn and Park-Sussex Development Corporation (PSDC). PSDC’s capital stock was owned equally by Rawn and Thornton.
In the spring of…
2Cases cited7 opinions
- Cheatle v. Rudd's Swimming Pool Supply Co.Supreme Court of Virginia · 1987
- Ted Lansing Supply Co. v. Royal Aluminum & Construction Corp.Supreme Court of Virginia · 1981
- O'HAZZA v. Executive Credit Corp.Supreme Court of Virginia · 1993
- Holland v. ShivelySupreme Court of Virginia · 1992
- Perpetual Real Estate Services, Inc. v. Michaelson Properties, Inc.Court of Appeals for the Fourth Circuit · 1992
2 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- C.F. Trust, Inc. v. First Flight Ltd. PartnershipCourt of Appeals for the Fourth Circuit · 2002
- C.F. Trust, Inc. v. First Flight Ltd. PartnershipDistrict Court, E.D. Virginia · 2000
- Securities & Exchange Commission v. WoolfDistrict Court, E.D. Virginia · 2011
- Norfolk Southern Railway Co. v. BowlesSupreme Court of Virginia · 2001
- C.F. Trust, Inc. v. First Flight Ltd. PartnershipCourt of Appeals for the First Circuit · 2002
3 more not listed; retrieve them via the Exa API.