Legal Opinion
Bassan v. Investment Exchange Corp.
Washington Supreme Court
Decided June 20, 1974No. 42921PublishedCited by 22 opinions
1Opinion of the CourtUtter, J.
The appellants are limited partners in Auburn West Associates, and the respondent Investment Exchange *923Corporation is the sole general partner. This action was brought for an accounting and dissolution upon the theory that the general partner had, in purchasing land and selling it to Auburn West Associates, derived profits without the consent of the limited partners in breach of its fiduciary relationship. The cause was tried to the court which dismissed the action after hearing the evidence.
The controlling issue in this case is whether the partners consented to the profit made by the general…
2Cases cited7 opinions
- Meinhard v. SalmonNew York Court of Appeals · 1928
- Weiss v. BrunoWashington Supreme Court · 1974
- Homestake Mining Co. v. Mid-Continent Exploration Co.Court of Appeals for the Tenth Circuit · 1960
- Wheeler v. Monheimer, Schermer, Van Fredenberg & SmithWashington Supreme Court · 1967
- J. E. Crosbie, Inc. v. KingSupreme Court of Oklahoma · 1943
2 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Richard A. Clark v. H. R. WatchieCourt of Appeals for the Ninth Circuit · 1975
- Boxer v. Husky Oil Co.Court of Chancery of Delaware · 1981
- Wirum & Cash, Architects v. CashAlaska Supreme Court · 1992
- Obert v. Environmental Research & Development Corp.Washington Supreme Court · 1989
- Shinn v. Thrust IV, Inc.Court of Appeals of Washington · 1990
17 more not listed; retrieve them via the Exa API.