Closely-Held Firms and the Common Law of Fiduciary Duty: What Explains the Enduring Qualities of a Punctilio?

11 Pages Posted: 20 May 2007

See all articles by Robert W. Hillman

Robert W. Hillman

University of California, Davis - School of Law

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

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

Robert William Hillman (Contact Author)

University of California, Davis - School of Law ( email )

Martin Luther King, Jr. Hall
Davis, CA CA 95616-5201
United States
530-752-8020 (Phone)

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