Recent News – Commercial Law

On August 22, 2014, the Superior Court of Pennsylvania unanimously agreed with last year’s opinion by the Hon. Ellen H. Ceisler of the Philadelphia County Court of Common Pleas, who rejected a challenge to a confessed judgment in favor of a creditor represented by Kalikhman & Rayz, LLC. In reaching this decision in D’Amelio v. Due Amici Development, LLC, et al., the Superior Court of Pennsylvania accepted all legal arguments made by counsel from Kalikhman & Rayz, LLC and re-affirmed two well-established principles of Pennsylvania commercial law. First, a general partner in a limited partnership is liable for all obligations of that limited partnership. Second, a claim that a signatory did not have authority to execute a judgment note is improper in a proceeding to strike a confessed judgment.

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