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Question
Fact Pattern 36-3
Ann is a limited partner and Bob is a general partner in Consumer Shoppes, a limited partnership that owns and operates a mall. Without Ann's consent, which is required under the partnership agreement, Bob sells the mall to Developing Realty, Inc., a firm in which Bob has an ownership interest. Ann files a suit against Bob, alleging breach of fiduciary duty.
Refer to Fact Pattern 36-3. Suppose that Ann alleges "a pattern of deceit, failure to disclose, and misrepresentation" on Bob's part, which caused her to suffer an economic injury. Under these circumstances, according to the court in Case 37.3, Smith v. Fairfax Realty, Inc., this conduct and this type of injury warrants
a. a nominal penalty.
b. a restorative penalty.
c. a substantial penalty.
d. no penalty.
Answer
This answer is hidden. It contains 1 characters.
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Fact Pattern 41-1
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