Northmon Investment Company v. Milford Plaza Associates
Supreme Court of New York, Appellate Division
284 A.D.2d 250, 727 N.Y.S.2d 419 (N.Y. App. Div. 2001)
Relevant factsFree
Milford, a partner in a partnership whose only asset was a parcel of real property, sought to commit the partnership to a 99-year lease extending well beyond the partnership's 2075 termination date, over Northmon's objection; the trial court sided with Northmon, and Milford appealed.
IssueFree
Whether a partner may make significant business decisions over the objections of other partners.