Burke v. Farrell

OAKS, Justice:

In this suit, former partners sought equitable relief to clarify their rights after the termination of their business relationships. Plaintiff sought a declaratory judgment. Defendant counterclaimed for rescission, an accounting, and damages. The district court’s declaration of rights and accounting decree was predominantly favorable to plaintiff, and defendant took this appeal. For clarity of reference, this opinion will refer to plaintiff as the “financing partner” and to defendant as the “manager.”

The financing partner organized the limited partnership of Fairfield…