| 释义 |
account
n. A remedy at common law and (more importantly) in equity requiring one party to a relationship (e.g. a partner or trustee) to account to the other(s) for moneys received or due. It may be pursued in addition to a claim for another remedy, such as damages, or as a substantive remedy in its own right. An order to account can fulfil two functions: firstly, it can quantify the amount of the profit or loss being pursued; secondly, it can impose liability to make payment. An order to account may be made where a fiduciary makes unauthorized profits or receives a bribe, for example. Cases: Boardman v Phipps [1967] 2 AC 46 (HL); AG for Hong Kong v Reid [1994] 1 AC 324 (PC). |