Fiduciary Duty Flashcards
1
Q
FC 721
A
Fiduciary duties same as non-marital business partners
-duty of highest good faith and fair dealing
- Accounting
Corp Code 16403, 16404, 16503
2
Q
FC 1100
A
Management and Control
- no gifts
- cannot sell personal property
3
Q
FC 1101
A
Remedies for breach (50-100% plus AF)
4
Q
FC 2040
A
ATRO
5
Q
FC 2100
A
Public policy regarding full disclosure
6
Q
FC 2102
A
DOS - DOD continuing duty to disclose
7
Q
FC 2104
A
PDD 60 days
8
Q
FC 2105
A
FDD 45 days before trial
9
Q
FC 2107
A
Remedies for failure to comply with PDD/FDD
10
Q
FC 2121
A
Authority for set aside relief more than 6 months after settlement or award
11
Q
FC 2122
A
SOL for set aside relief
1 year: Actual fraud, perjury, mistake of law/fact, failure to disclose
2 years: Duress, mental incapacity
12
Q
FC 2556
A
Omitted asset relief
