CALIFORNIA FAMILY LAW
...Community Property Issues
......Duties/Management & Control
.........Actions Held Not a Breach of Duty
8 Cards On This Topic:

No duty keep detailed books and records of c/p transactions.

There is no duty to pay c/p expenses with s/p when c/p is available to do so; spouse may preserve own s/p.

No breach of fiduciary duty where H initially failed to disclose assets to W but did disclose well in advance of trial and she suffered no prejudice.

H did not breach fiduciary duty of full disclosure upon request where W did not make request or, when she did, sometimes got an answer.

H not bound by Prudent Investor Rule and did not owe to W the duty of care one business partner owes to another.

H may enter into business contract adversely affecting c/p so long as he receives "valuable" as opposed to "adequate" consideration.

Spouse may not set aside transfer of business personalty if made for valuable consideration.

Cases discussing fiduciary duty.