Closely-Held Firms and the Common Law of Fiduciary Duty: What Explains the Enduring Qualities of a Punctilio?
11 Pages Posted: 20 May 2007
Abstract
This article explores fiduciary norms in the closely-held firm. It focuses generally on judicially-developed standards of business ethics and specifically on the perceived gap between articulated and applied norms. The article includes data on the frequency with which Cardozo's famed punctilio of an honor the most sensitive statement is cited and offers explanations for the continuing appeal of the standard.
Keywords: Fiduciary duty, partnership, Cardozo
Suggested Citation: Suggested Citation
Hillman, Robert William, Closely-Held Firms and the Common Law of Fiduciary Duty: What Explains the Enduring Qualities of a Punctilio?. Tulsa Law Review, Vol. 41, 2006, UC Davis Legal Studies Research Paper No. 111, Available at SSRN: https://ssrn.com/abstract=987311
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