Co v Rainbow OilfWord文档格式.docx

Co v Rainbow OilfWord文档格式.docx

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01-MorrisOilCovRainbowOilfieldTrucking,Inc–UndisclosedprincipalisliablenotwithstandinganagreementbetweenP&

AthatnoP/Arelationshipexisted.WherePcontractswithA,RetainscompletecontroloverA’sactions,can’tavoidliabilityw/regardtoa3rdpartybycontractualtermsbetweenP&

A.Key:

Hewhocontrolsanotherisprincipal;

hewhoiscontrolledbyanotherisagentoftheother.

Agentsdutyofloyalty/dutyofcare

02-Tarnowskiv.Resop–Theagenthasadutyofloyaltytotheprincipal,andtheprincipalcanrecoveranyunauthorizedprofitsmadebytheagentonthetransaction.[RestatementofAgency§

407

（2）]Itmakesnodifferencethattheprincipalrescindsthetransactionandgetshismoneyback,oreventhathemakesaprofit.

Wheretheagentviolatesthedutyofloyalty,theprincipalisentitledtoreceivethevalueofwhatheputintothetransactionplusanydamagescausedasaresultofthetransaction.[RestatementofAgency§

407

（1）]

（PtellsAtoinvestigatebusinessoppty.Agetsboughtoff,doesn’tbotherresearching,andgivesPbadadvice.Psuesafordamagesandfortheamountareceivefrom3rdpartyTheagenthasadutyofloyaltytotheprincipal,andtheprincipalcanrecoveranyunauthorizedprofitsmadebytheagentonthetransaction.[RestatementofAgency§

407

（2）]

03-ReadingvAttorneyGeneral–Agentmaynotusehisagencypositionforpersonalprofit.Ifaservanttakesadvantageofhispositionforhisownprofit,hemustaccountforthatprofitw/hisprincipal.（Πtookadvantageofhispositioninthemilitaryandofhisuniformforthepurposeofmakingaprofitforhimself.）InClassDiscussion:

Fiduciaryrelationshipkey.Principal（P）isentitledtoallproceedsfromtheactionsofhisagent（A）,properandimproper.AcannotuseownwrongdoingasdefensetoP’sclaim.Alosesallprofitsfromhisunauthorized/illegalacts.

PARTNERSHIP

04-RichertvHandly（57）–whereptnrsdonotagreeotherwise,UPAcontrols.

Wherethepartnersdonotspecificallyagreeonhowlossesaretobeshared,thentheprovisionsoftheUniformPartnershipActcontrol.[SeeUPA§

§

18（a）,（f）]Grossproceedslessexpenses--ptnrsbearthelossequally.

06-BanevFerguson–partnerdutytootherpartnersceaseswhenpartnershipterminates

Business-judgmentruleshieldeddefendantfirmmanagersfortheirallegednegligenceinmergingwithanotherlawfirm,causinglossofП’sretirmentaccount.Held:

defendantsceasedtooweplaintiffafiduciarydutywhenheceasedtobeapartner,andnotortclaimexistedagainstdefendantswheretherewasnoallegationofbadfaith.

MgmtofPartnership

07-NationalBiscuitCovStroud--–Allpartnershaveequalrightsinmgmt（evenifsharingofprofitsisunequal.）UPA§

18（c）.Theactsofapartnerwithinthescopeofthepartnershipbusinessbindallpartners.Amajorityofpartnerscanmakeadecisionandinformcreditorsandwillthereafternotbeboundbyactsofminoritypartnersincontraventionofthemajoritydecision.Butheretherecouldbenomajoritydecision,astheyareequalcopartners.HadΔdissolvedthepartnershipandgivenΠnoticepriortotheorderbyFreeman,thenΔwouldnothavebeenpersonallyliableforthepartnershipdebttoΠ.

AdmissionsandRepresentations

08-SmithvDixon--–Thepartnershipischargedwiththeadmissionsandrepresentationsofapartnerconcerningpartnershipaffairs,whentheyaremadeinthescopeofheractual,implied,orapparentauthority.UPA§

11.Apartnerhastheauthoritytomakeaconveyanceofpartnershiplandwherethisisdoneintheordinarycourseofpartnershipbusiness.[UPA§

9

（1）]Where,however,suchtransactionsarenotintheordinarycourseofbusiness,therealpropertyrepresentscriticalassetsofthepartnership,andapartnercannotconveysuchlandunlesshehasbeengivenspecialauthoritytobindthepartnership.Ifapartnerdoesexceedhisauthorityinconveyingland,thepartnershipcanusuallyrecoverthepropertyfromthegranteeunlessthegranteeisabonafidepurchaserwhohadpaidthepurchasepricewithoutknowledgeofthelackofauthority.[UPA§

10

（1）]

FraudulentActs

09-RousevPollard--Imputednotice.Inordertoholdcopartnersforthefraudulentactsofoneofthepartners,theactsinconnectionwithwhichthefraudiscommittedmusthavebeenwithinthegeneralscopeofthepartnershipbusiness.Knowledgeornoticetoonepartnerofmatterspertainingtoregularpartnershipbusinessisimputedtothepartnership（UPA§

12）exceptwherethepartnerisactingfraudulentlyoradverselytopartnership.

10-RoachvMead--Partnersarejointlyandseverallyliableforthetortiousactsofotherpartnersiftheyhaveauthorizedthoseactsorifthewrongfulactsarecommittedintheordinarycourseofthebusinessofthepartnership.[UPA§

13,15]