Redwood Management Company sought to develop an apartment complex on 10.25 acres of land at 1950 Fostoria

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Redwood Management Company sought to develop an apartment complex on 10.25 acres of land at 1950 Fostoria Avenue in Findlay, Ohio. The land was owned by the Ballinger Family Partnership, and the recorder’s office listed the partnership as the owner of the property. A Purchase Agreement was executed on October 17, 2005, by Paul and Linda Ballinger. Paul was the general partner of the partnership. Was the property legally transferred to Redwood?

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Business Law The Ethical Global and E-Commerce Environment

ISBN: 978-1259917110

17th edition

Authors: Arlen Langvardt, A. James Barnes, Jamie Darin Prenkert, Martin A. McCrory

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