We study violations of n-particle Bell inequalities (as developed by Mermin
and Klyshko) under the assumption that suitable partial transposes of the
density operator are positive. If all transposes with respect to a partitio
n of the system into p subsystems are positive, the best upper bound on the
violation is 2((n-p)/2). In particular, if the partial transposes with res
pect to all subsystems are positive, the inequalities are satisfied. This i
s supporting evidence for a recent conjecture by Peres that positivity of p
artial transposes could be equivalent to the existence of local classical m
odels.