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Case Summary |
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3077 A partner's refusal to use partnership funds to pay an obligation of the partnership that another partner had contracted to pay individually was not a constructive fraud; no law prohibits a partner from buying partnership property for his/her own use at a foreclosure sale.CitationJONES v WAGNER (Constructive Fraud) 90 CA4 466 [See: CivC 1573; CorpC 16404; Byrum v Brand 219 CA3 926; Salahutdin v Valley 24 CA4 555, T/AT 6/94; Gunter v Laffan 7 C 588] |
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Finz Case Law Summaries (Finz Advance Tapes)
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