Legal Opinion
Pear v. Grand Forks Motel Associates
North Dakota Supreme Court
Decided October 1, 1996No. Civ. 960048PublishedCited by 18 opinions
1Opinion of the Court
MESCHKE, Justice.
David M. Pear, a limited partner in Grand Forks Motel Associates, appealed a summary judgment that the statute of limitations barred collection of his $100,000 demand note from Associates. Associates cross-appealed a ruling that the demand note was not a capital contribution to the partnership. We affirm in part, reverse in part, and remand.
David’s father, Charles Pear, and Stanford Hoye formed Associates as a limited partnership in 1983 to buy and operate a motel in Grand Forks. For initial capital of $153,000, Seymour Svirsky contributed $1,000 as a general partner; Hoye…
2Cases cited36 opinions
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- Diegel v. City of West FargoNorth Dakota Supreme Court · 1996
- Lohse v. Atlantic Richfield Co.North Dakota Supreme Court · 1986
- Cooke v. Blood Systems, Inc.North Dakota Supreme Court · 1982
- Pamida, Inc. v. MeideNorth Dakota Supreme Court · 1995
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3Cited by18 opinions
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- Heart River Partners v. GoetzfriedNorth Dakota Supreme Court · 2005
- In Re Estate of DionneNorth Dakota Supreme Court · 2009
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