Doran v. Petroleum Management Corp.
545 F.2d 893 (5th Cir. 1977),
Nature of the Case
To access this section all you need to do is click here and register.
Facts
Doran (P) bought a piece of a limited partnership and took out a loan to fund his commitment. Business declined, and P defaulted on the loan. The lender (D) sued P for damages. P argues that he was not given full disclosure from the D when he took out the loan. The district court held that the sale of the partnership to P qualified under the private offering exception and P was denied relief.
Support@ bsmsphd.com
Casebriefs Co