Showing posts with label Real Estate Partnership. Show all posts
Showing posts with label Real Estate Partnership. Show all posts

Wednesday, April 27, 2011

Court Reviews the Allocation of Debts and Expenses in a Case Involving the Dissolution of a Real Estate Partnership

T. VERNER SMITH v. JERRY F. GARDNER (Tenn. Ct. App. April 27, 2011)

This appeal involves a suit for dissolution of a real estate partnership. The defendant-appellee also filed several counterclaims against the plaintiff, who is an attorney. After a bench trial, the trial court dissolved the partnership and found that the defendant-appellant was liable for one-half of the partnership's debts and expenses. The court dismissed the counterclaims. We affirm.

Opinion available at:

http://www.tba2.org/tba_files/TCA/2011/smitht_042711.pdf