Chapter 19, Problem 6BCP

Summary Introduction

Case summary: Person S became a legal caretaker of person R. R created a power of attorney in the favor of S. S opened a Joint bank account with R and deposited $9,643.62 in bank A. However, person S withdrew some money to meet up the household expenses. The trustee of R’s assets filed a lawsuit against S for accounting.

To find: Duty owed by S to R.

Summary Introduction

Case summary: The person S became a legal caretaker of the person R. R created a power of attorney in the favor of S. S opened a Joint bank account with R and deposited $9,643.62 in bank A. However, the person S withdrew some money to meet up the household expenses. The trustee of R’s assets filed a lawsuit against S for accounting.

To find: The requirement of an agent’s duty of accounting towards his principal.

Summary Introduction

Case summary: The person S became a legal caretaker of the person R. R created a power of attorney in the favor of S. S opened a Joint bank account with R and deposited $9,643.62 in bank A. However, the person S withdrew some money to meet up the household expenses. The trustee of R’s assets filed a lawsuit against S for accounting.

To find: The breach of such duty by S in the given case.