Bedolla

Cross-Complainants Parkside Development Company, a limited partnership, and Charles Bedolla, receiver for Parkside Develop-[Oct. ment Company (hereinafter “Parkside” or “appellant”) appeal from the trial court’s judgment entered on jury verdicts finding that the claims raised in the cross-complaint were barred by the statute of limitations. The intricate factual background leading to the controversy may be set out as follows:

Commencing in 1953, Richard H. Grant (“Grant”) and Way Choy Ching (“Ching”) solicited funds from the Chinese American community in Honolulu, Hawaii, to invest in and develop real estate in California. The vehicle used for this purpose was Parkside, a California limited partnership whose two general partners of record were Wong and Leong. Grant and Ching, who actually conducted the business of the limited partnership, were officially named as Parkside’s managers.

From 1953 to 1968 respondents, a certified public accounting firm, provided services for both Parkside and affiliate entities which were owned or controlled by the limited partners and/or Grant and Ching. In discharge of their professional duties, during the period 1955-1961 respondents…