Kyle Jauretz and Galina Marvano formed JM Solutions, a partnership that managed events for business clients. Jauretz had been an event manager for several years, and he insisted before the partnership was formed that Marvano agree that Jauretz could keep several clients to himself and not share the revenue or profits from those clients with Marvano. One such client was Bay Shores LLC, a golf community for which Jauretz had managed an annual golf tournament. When Jauretz was working for Bay Shores LLC, his personal client, he needed additional staff to manage the event. Jauretz directed two JM Solutions employees to work full-time on the Bay Shores event, which they did for three weeks. JM Solutions continued to pay the employees’ wages while they worked on the Bay Shores event. Jauretz also used JM Solutions assets, including stakes and ropes, in the course of managing the Bay Shores event. He did not pay JM Solutions for the use of the stakes and ropes. Has Jauretz breached a fiduciary duty to JM Solutions?

Answer rating: 100% (QA)

Partners of a firms at certainly required to mainta... View the full answer