Canadian Commercial Bank v. Ascher Findley Co.

Opinion

GRIGNON, J.

This appeal is part of a complex web of litigation arising from a limited partnership tax shelter investment gone awry. The limited partners seek to reverse a judgment entered against them pursuant to a jury’s general verdict rendered in connection with their agreement to assume certain obligations of the partnership. One of the questions presented in this appeal is whether a creditor’s failure to comply with the notice and commercial reasonableness requirements of California Uniform Commercial Code section 9504 necessarily bars a deficiency judgment against a limited…