New York Court of Appeals
John Savasta, Appellants v. 470 Newport Associates, Respondents
October 7, 199382 N.Y.2d 763
Summary
The Court of Appeals affirmed the Appellate Division's order, holding that the plaintiffs' 22‑month delay in giving notice to terminate the limited partnership was unreasonable. Because the partnership agreement was silent on the notice period, a reasonable time is implied, and the plaintiffs' delay barred them from relief.