Opinion ID: 1403026
Heading Depth: 3
Heading Rank: 2

Heading: Summary of the Parties' Contentions and Our Resolution of Them

Text: International makes four arguments on appeal. It contends: (1) that the superior court erred in ruling that the limited partners' unpaid capital contributions could not be enforced by a partnership creditor; (2) that the superior court erred in its ruling concerning the statute of limitations; (3) that the superior court erred in ruling that the note was assumed in January of 1988 rather than in 1981; and (4) that the superior court erred in awarding full attorney's fees to certain of the limited partners. Three separate briefs on behalf of different groups of limited partners were filed. Viewed collectively, these briefs respond to all of International's arguments except for its argument concerning the statute of limitations. In addition, the brief of appellees N.E. and Mary Ellen Segelhorst argues that there are alternative grounds for affirming the dismissal. They contend that in 1988 they were validly released by BPF from their obligation to make future capital contributions and that this release is binding on International. They also contend that the modifications of the note after the filing of the amended certificate deleting them as limited partners relieved them of any liability they might otherwise have had. International has responded to the Segelhorsts' contentions. For the reasons that follow, we conclude that International is correct with respect to its first two arguments concerning direct liability and the statute of limitations, that it is not necessary to decide its third argument as to whether BPF assumed the note in 1981 rather than in January of 1988, and that, as to International's fourth argument, the award of attorney's fees must be reversed since the appellees are not prevailing parties. With respect to the Segelhorsts' alternative grounds, we conclude that they do not support affirmance of the judgment.