· 9/22/1961
Broward-Palm Beach Tractor Co. v. Watts
Citations
- 132 So. 2d 816
- 1961 Fla. App. LEXIS 3788
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- holding that entire fairness standard applied to breach of fiduciary duties set forth in an LLC agreement but suggesting that the plaintiff, rather than the defendants, may have borne the burden of proving a breach
- holding that entire fairness standard applied to breach of fiduciary duties set forth in an LLC agreement but suggesting that the plaintiff, rather than the defendants, may have borne the burden of proving a breach
- holding that “the fiduciary duties of a member, manager, or other person that is a party to or bound by a limited liability company agreement may be expanded or restricted or eliminated by provisions in the limited liability company agreement”
- noting that the burden of proof does not rest with the plaintiff “in the case of a default fiduciary duty in the LLC context”
- noting that the burden of proof does not rest with the plaintiff “in the case of a default fiduciary duty in the LLC context”
- stating that the party asserting breach has “the burden to prove his breach of contract claim by a preponderance of the evidence.”
Source: CourtListener parenthetical corpus (CC0).
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.