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· 10/19/1987

Ambuul v. Swanson

Citations

  • 516 N.E.2d 427
  • 162 Ill. App. 3d 1065
  • 114 Ill. Dec. 272
  • 1987 Ill. App. LEXIS 3471

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

  • reasoning that a joint venture does not require a co-venturer’s participation in “the day-to-day management of the enterprise”
  • holding a joint venture existed when the parties entered into an agreement to buy and sell a building
  • a joint venture “relationship is governed by the legal principles applicable to partnerships”
  • “The relationship between joint venturers, like that existing between partners, is fiduciary in character and imposes upon the participants an obligation of loyalty and good faith in their dealings with each other with respect to the enterprise.”
  • written agreement did not modify the terms of the oral agreement

Source: CourtListener parenthetical corpus (CC0).

Judges: Campbell

Read full opinion on CourtListener

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.