Bloom v. Landy

Plaintiff, Alex Bloom, and co-defendant, Gerald Landy, were equal partners in the accounting firm of “Alex Bloom & Co.” Co-defendant, Morris Goldman, executed a purchase agreement and agreed to buy for *45,000 Bloom’s 50% interest in the accounting partnership. By a separate document, Landy personally guaranteed to Bloom Goldman’s payment of the purchase price. Subsequently, in December 1972, Goldman and Landy executed a new “Partnership Agreement.”

In May 1974, Bloom filed suit in the circuit court of Cook County against Goldman and Landy seeking to recover *30,000 allegedly still due him under the…