P.A. Properties, Inc. v. B.S. Moss' Criterion Center Corp.
United States District Court for the Southern District of New York
2004 WL 2979984
Relevant factsFree
UA, as managing venturer with near-total authority over the Moss/United Artists Joint Venture, signed a consulting agreement in its own name with PAP to investigate lease overcharges intending to benefit the Joint Venture, but never disclosed the venture's existence to PAP; after UA went bankrupt without fully paying PAP, PAP sued the venture's successor to recover the remaining debt.
IssueFree
Whether a partner's actions may bind the partnership to an agreement if the counterparty is unaware that the partnership exists.
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