Legal Opinion
Kalichman v. Beverly Holding Co.
Appellate Division of the Supreme Court of the State of New York
Decided October 15, 1987PublishedCited by 1 opinion
1Opinion of the Court
OPINION OF THE COURT
Casey, J.
In 1957, following the purchase of premises located at 2432 University Avenue in The Bronx, plaintiff and Joseph Klein (hereinafter decedent) formed defendant Beverly Holding Company, a partnership, whose sole asset was the Bronx property which contained apartments. In 1967, plaintiff and decedent obtained two bonds from National Savings Bank of Albany (hereinafter the bank), totaling $189,000, which were secured by two 10-year mortgages on the Bronx property. *329Decedent died intestate in 1970, resulting in one half of his 50% ownership in the Bronx property passing…
2Cases cited4 opinions
- Jemzura v. JemzuraNew York Court of Appeals · 1975
- C. E. Hooper, Inc. v. PerlbergAppellate Division of the Supreme Court of the State of New York · 1979
- C. E. Hooper, Inc. v. Perlberg, Monness, Williams & SidelNew York Court of Appeals · 1980
- In re the Estate of SaffiotiNew York Surrogate's Court · 1974
3Cited by1 opinion
- Resolution Trust Corp. v. Teem PartnershipDistrict Court, D. Colorado · 1993