The court heard a reference for an accounting of monies owing, contributions made, and ownership holdings regarding multiple real estate properties owned by a partnership.
The court found that the managing partner breached his obligations by moving to Korea and delegating his duties, and disallowed his claims for management fees, travel expenses, and delegated work.
The court also found that the investing partner breached the agreement by unilaterally selling properties and retaining the proceeds, ordering him to repay the funds to the partnership.
Due to disorganized financial records, the court provided specific directions on allowable expenses and ordered the parties to prepare standardized itemized lists for a resumed hearing if they could not agree on the final accounting.