Quimbee logo
DMCA.com Protection Status
From our private database of 18,400+ case briefs...

Mas Associates, LLC v. Korotki

Maryland Court of Special Appeals
2018 WL 2258972 (2018)


Harry Korotki (plaintiff) owned Savings First Mortgage, LLC. Korotki contacted two other mortgage companies, Greentree Mortgage Corporation and MAS Associates, LLC (defendant), seeking to merge the three companies. The three companies agreed in principle to a merger. Independent counsel drafted an agreement for the companies, but the companies did not sign. Nonetheless, the companies began to merge their workforces. Each individual company contributed $150,000 to help fund their new venture. When the new venture eventually made profits, the owners of the three companies shared the profits equally. Further, the companies agreed that they would have to agree on all major decisions affecting the new venture going forward. The following year, Korotki gave notice to the other two company owners that he intended to leave the venture for health reasons. The other owners refused to negotiate a buyout for Korotki. Korotki filed suit in the Circuit Court for Baltimore County. The trial court found that a partnership existed among Korotki and the other two owners. The court established a value of Korotki’s interest in the partnership and awarded him that amount. The owners of the other two companies appealed.

Rule of Law


Holding and Reasoning (Reed, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 490,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 490,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 18,400 briefs, keyed to 985 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Questions & Answers

Have a question about this case?

Sign up for a free 7-day trial and ask it

Sign up for a FREE 7-day trial