Fiduciary Duties of Partners. Karl Horvath, Hein Rsen, and Carl Thomas formed a partnership, HRT Enterprises, to

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Fiduciary Duties of Partners. Karl Horvath, Hein Rüsen, and Carl Thomas formed a partnership, HRT Enterprises, to buy a manufacturing plant. Rüsen and Thomas leased the plant to their own company, Merkur Steel. Merkur then sublet the premises to other companies owned by Rüsen and Thomas. The rent that these companies paid to Merkur was higher than the rent from the arrangement. Rüsen and Thomas did not tell Horvath about the subleases. Did Rüsen and Thomas breach their fiduciary duties to HRT and Horvath? Discuss. [Horvath v. HRT Enterprises, 489 Mich.App.

992, 800 N.W.2d 595 (2011)] (See pages 709–710.)

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Business Law Today

ISBN: 9781285528632

10th Edition

Authors: Roger Miller

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