In re Catron
By Fourth Circuit U.S. Court Of Appeals
- Release Date - Published: 1994-06-14
- Book Genre: Law
- Author: Fourth Circuit U.S. Court Of Appeals
In re Catron Fourth Circuit U.S. Court Of Appeals read online review & book description:
Opinion Per Curiam: Curtis R. Catron (Catron) entered into a general partnership with Ramon W. Breeden Jr. individually (Breeden) and with Ramon W. Breeden Jr. and Marian R. Breeden as trustees under the Revocable Trust Agreement of Mary Jane Breeden (Trustees). Catron held a fifty percent interest in the partnership, which was formed to develop a shopping center. Under the partnership agreement, when a partner filed for bankruptcy, the other partners had the option to purchase the bankrupt partner's partnership interest. In such event, if the bankrupt partner and purchasing partner could not agree on a purchase price, the agreement provided that an independent appraiser would determine fair market value with no discount for lack of marketability or minority interest.
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