Monin v. Monin (Ky.App.1989)
-In milk hauling partnership between brothers, one brother [Sonny] expressed
intention to dissolve partnership. At the same time, he bid for the milk contract until
then held by the partnership. The partners held a private auction and the other partner
[Charles] purchased the partnership’s assets. Nonetheless, Sonny received the milk
contract.
-Court ruled that Sonny had violated his fiduciary duty to partnership by not
withdrawing his application for the hauling contract formerly held by the partnership.
Both Page and Monin have a close relationship with Meinhart and Salmon.
-In milk hauling partnership between brothers, one brother [Sonny] expressed
intention to dissolve partnership. At the same time, he bid for the milk contract until
then held by the partnership. The partners held a private auction and the other partner
[Charles] purchased the partnership’s assets. Nonetheless, Sonny received the milk
contract.
-Court ruled that Sonny had violated his fiduciary duty to partnership by not
withdrawing his application for the hauling contract formerly held by the partnership.
Both Page and Monin have a close relationship with Meinhart and Salmon.
No comments:
Post a Comment