Watson v. Limited Partners of WCKT, Ltd.
Court of Appeals of Texas
1Opinion of the Court
O’QUINN, Justice.
In this action two limited partners of WCKT, Ltd., a Texas limited partnership, seek recovery of their capital investment from the general partner on claims that the general partner, who had sole control of the partnership affairs, failed to manage the affairs as a fiduciary, resulting in loss of the limited partners’ contributions to capital.
In response to special issues a jury found that the general partner failed to manage the partnership in exercise of ordinary care, failed to act with the highest degree of loyalty, fairness, candor, and good faith toward the limited…
2Cases cited9 opinions
- Meinhard v. SalmonNew York Court of Appeals · 1928
- Kinzbach Tool Co. v. Corbett-Wallace Corp.Texas Supreme Court · 1942
- Smith v. BolinTexas Supreme Court · 1954
- MacDonald v. FollettTexas Supreme Court · 1944
- Huffington v. UpchurchTexas Supreme Court · 1976
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3Cited by25 opinions
- Burrow v. ArceTexas Supreme Court · 1999
- Leeb v. Guy (In Re Guy)United States Bankruptcy Court, N.D. Indiana · 1988
- Bennett v. BennettCourt of Appeals for the Fifth Circuit · 1993
- Crenshaw v. SwensonCourt of Appeals of Texas · 1980
- Kirby v. Cruce, Texas Court of Appeals, 5th District (Dallas)1985
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