My question involves business law in the state of: CA
1) If Person A and B start a company 50/50 and each wire 100K into a checking account. On day 7, person B wires out all 200K to himself claiming salary or some crazy idea that he is a genius deserving said amount.
2) Person A sues and wins 200K plus interest/legal costs.
3) Person B wires back the 200K
4) Person A wishes to cease operations and remove all funds from the company checking account. Does Person A have to wire out 100K to Person B as his property is still in force or is the Doctrine of Unclean hands somehow eliminating Person B's interest?
Thanks.
1) If Person A and B start a company 50/50 and each wire 100K into a checking account. On day 7, person B wires out all 200K to himself claiming salary or some crazy idea that he is a genius deserving said amount.
2) Person A sues and wins 200K plus interest/legal costs.
3) Person B wires back the 200K
4) Person A wishes to cease operations and remove all funds from the company checking account. Does Person A have to wire out 100K to Person B as his property is still in force or is the Doctrine of Unclean hands somehow eliminating Person B's interest?
Thanks.
Business Disputes: Doctrine of Unclean Hands
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