Assume these facts instead: the friend was hired to locate investors. Instead, he offered to loan the money to Stella and Molly if they could wait one year until he had access to his trust fund. In reality, he was just trying to stall them while he took their idea. Would this change the result with respect to the existence of a fiduciary relationship?
Answer to relevant QuestionsWhat are alternatives, other than carrying large sums of cash, to avoid a bank hold on Kyra’s money? How does a partnership differ from a corporation? Would the result for Jim be different if the accident had occurred while he was on his way to kill his wife but had done nothing legally wrong yet other than speeding? Point for Discussion: Would the result be different if the backpack had been found on the front porch? When is an arrest warrant not necessary?
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