Description
You need to read the article and write a brief base on the case.
Cases to Brief:
McMillian v McMillian, 713 S.E.2d. 920 (Ga. Ct. App. 2011)
Pages 38-2 – 38-3
Mortgage Grader v. Ward & Olivo, 139 A. 3d 30 (N.J. 2016)
Pages 38-15
Problem No. 4
Pages 38-16
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Explanation & Answer
here is the document that contains the three cases kindly let me know your feedback
1
Business Law
Student Name
Institutional Affiliation
Course
Instructor
Date
2
CASE BRIEF
McMillian v. McMillian 713 S.E. 2nd 920 (GA. Ct. App. 2011)
Issue:
What sorts of financial papers must be made public when one partner sues the other for breach of
fiduciary and other obligations to demonstrate the severity of the aggrieved party's losses?
Rule:
Partners bear fiduciary responsibility to the partnership, a "higher" commitment than the
"ordinary" duty of care. Fiduciary obligations require participants in a partnership to put the
company's interests ahead of their own. A fiduciary duty comprises a variety of obligations,
including the need to account for one's acts and the restriction on participating in any activity
that might be seen as detrimental to the partnership's interests.
Application:
Cousins Robbie and Bruce co-owned a bulk mailing services company (Corporate Mail). Robbie,
Bruce's former business partner at Corporate Mail, secretly formed a competitor company called
Mail Source. Robbie closed corporate Mail a few months after establishing Mail Source,
purchasing its assets, and investigating its economic possibilities. Mail Source generated roughly
$250,000 in its first year of operation from customers who had done business with Corporate
Mail or were contemplating doing business with it (Phipps et al., 2013).
Robbie's actions breach his fiduciary duties to Corporate Mail and compel him...