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Business Organizations Keyed to Macey
Enea v. Superior Court
Citation:34 Cal.Rptr.3d 513
Defendants formed a general partnership known as 3-D. The partnership’s sole asset was a building that had been converted from a residence into offices. Some portion of the property has been rented since 1981 by a law practice of which William Daniels is the sole member. From time to time the property was rented to others, including defendant Claudia Daniels. Plaintiff’s counsel stipulated that the partnership agreement has as its principal purpose the ownership, leasing and sale of the only partnership assets, which is the building and that the partnership agreement contained no provision that the property would be leased for fair market value.
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