Legal Opinion
Fidelity Trust Co. v. BVD Associates
Supreme Court of Connecticut
Decided May 14, 1985No. 11779PublishedCited by 46 opinions
1Opinion of the CourtParskey, J.
This case, which is one of first impression, raises the question of whether, in the case of a limited partnership, a due on sale clause in a mortgage is triggered by the replacement of any or all of the original general and limited partners.
The named defendant, BVD Associates (hereinafter the defendant), a Connecticut limited partnership, is the owner of certain real property in the city of Stamford. On November 22,1977, the defendant mortgaged this property to the plaintiff for $850,000. The mortgage deed contained the following acceleration clause: “[t]hat the whole of the indebtedness,…
2Cases cited15 opinions
- Puerto Rico v. Russell & Co.Supreme Court of the United States · 1933
- Karrick v. HannamanSupreme Court of the United States · 1897
- International Brotherhood of Teamsters of America v. ShapiroSupreme Court of Connecticut · 1951
- Winslow v. Zoning BoardSupreme Court of Connecticut · 1956
- Robert Lawrence Associates, Inc. v. Del VecchioSupreme Court of Connecticut · 1979
10 more not listed; retrieve them via the Exa API.
3Cited by46 opinions
- Hammer v. Lumberman's Mutual Casualty Co.Supreme Court of Connecticut · 1990
- Mahoney v. LensinkSupreme Court of Connecticut · 1990
- Perille v. Raybestos-Manhattan-Europe, Inc.Supreme Court of Connecticut · 1985
- Concept Associates, Ltd. v. Board of Tax ReviewSupreme Court of Connecticut · 1994
- Crest Pontiac Cadillac, Inc. v. HadleySupreme Court of Connecticut · 1996
41 more not listed; retrieve them via the Exa API.