Partnerships

PARTNERSHIPS – CA LAW

In re Fair Oaks, 168 B.R. 397 (9th Cir. B.A.P. 1994)

Property acquired by general partners before partnership documents signed = property

acquired for the benefit of the partnership. All that’s required is an intent to form a partnership.

Lund v. Albrecht, 936 F.2d 459 (9th Cir. 1991)

Partner breached fiduciary duty owed to another partner by failing to disclose offers on

partnership realty for amounts greater than the value placed on it in their partnership dissolution

negotiations.

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