The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 18, Problem 8BCP
Summary Introduction
Case summary: The companies R and B were co-owned by three brothers F, C and R. C speculated that F has deviated assets and funds from the company R to his own separate business. C filed a lawsuit against F on behalf of both the companies for breaching his fiduciary duties. However, F argued that C is incapable to understand financial statements.
To find: Maintainability of the action of C against F.
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The Legal Environment of Business: Text and Cases (MindTap Course List)
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