Bowne v. Windsor

Windsor was a joint adventurer with Bowne and Mertz in the ownership of a large factory building on Washington street, Newark, for seven years, when he bought their interests, and five days later sold the factory to a tenant at a profit in excess of $50,000. The charge is, that at the time Windsor bought his associates' shares the tenant was a prospective purchaser, negotiating with him and that he concealed the fact from them. The relation of joint adventurers, like that of co-partners, is fiduciary, one of trust and confidence, calling for the utmost good faith, permitting of no secret…