Brookside Realty, Ltd., was a limited partnership. In the limited partnership certificate filed… 1 answer below »

Brookside Realty, Ltd., was a limited partnership. In the limited partnership certificate filed with the secretary of state, four of its limited partners agreed to make capital contributions and be liable for future assessments in amounts ranging between $36,000 and $145,000. Brookside failed to pay for material Builders Steel sold to Brookside. Because the limited partners had not paid all the assessments required by the limited partnership certificate, Builders Steel claimed that it was entitled to require the limited partners to pay those assessments to the extent of the debt to Builders Steel. Did the court agree?

 

 

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