Singer v. Singer
Court of Appeals of Oklahoma
634 P.2d 766 (1981)
Relevant factsFree
Josaline's re-drafted partnership agreement expressly allowed any partner to conduct business as if not a partner, including entering transactions that compete with the partnership; after the partnership discussed but did not decide on purchasing 95 acres of mineral land, partners Stanley and Andrea (defendants) formed a separate company and bought the land themselves, and the district court found the land held in constructive trust for the partnership based on ordinary fiduciary duty principles.
IssueFree
Whether partners may compete with one another, and with the partnership, if the partnership agreement permits such competition.