Hawaiian International Finances, Inc. v. Pablo
Hawaii Supreme Court
488 P.2d 1172 (1971)
Pastor Pablo (defendant) was the president of Hawaiian International Finances, Inc. (plaintiff). Pablo also owned a real estate company, Pastor Pablo Realty, Inc. (defendant). Pablo helped to broker the sale of two properties to Hawaiian International. The selling agents ended up splitting their commissions with Pablo. Pablo did not disclose the commissions to Hawaiian International, and the corporation did not learn of the commissions until a few months later at a corporate meeting. Hawaiian International sued Pablo for breach of his fiduciary duties to the corporation. The circuit court ruled in favor of Pablo. Hawaiian International appealed.
Rule of Law
Holding and Reasoning (Kobayashi, J.)
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