Delaney v. Fidelity Lease Limited

I concur. This being a case of first impression, there is little other than accepted general rules to apply. This has been done. While it can be claimed that iniquities may result in permitting a corporation to be the only general partner in a limited partnership, one who knows he is dealing with a limited partnership, and knows the general partner is a corporation, must necessarily be aware of the limited exposure of the entity with which he deals and that recovery of debts may well be limited by the assets of the corporate general partner with whom he deals. But the same thing must…