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The essential elements of a cause of action for an accounting are (1) a relationship between the plaintiff and the defendant or other circumstances that demonstrate that the plaintiff's legal remedies are inadequate; and (2) a showing that the amount due the plaintiff is unknown and cannot be ascertained without an ...
The common law right to an ?accounting? is an equitable right, because the claim does not seek money damages but seeks information from a fiduciary. The claim for an accounting need not arise in the absence of a legal remedy if the claim arises in the context of a fiduciary relationship.
The statute of limitations for a breach of fiduciary duty claim is five years in Missouri but only two years in Kansas. See R.S.Mo. § 516.120; K.S.A. § 60-513(a)(4).
An action for an accounting has two elements: (1) ?that a relationship exists between the plaintiff and defendant that requires an accounting? and (2) ?that some balance is due the plaintiff that can only be ascertained by an accounting.? (Teselle, supra, 173 Cal. App.
To state a claim for accounting under Illinois law, a plaintiff must show ?the absence of an adequate remedy at law and one of the following: (1) a breach of fiduciary relationship between the parties; (2) a need for discovery; (3) fraud; or (4) the existence of mutual accounts which are of a complex nature.? Case: 1: ...
Elements of an Accounting Action For an accounting claim to be available, a litigant must prove two elements: (1) a relationship that requires accounting exists between the plaintiff and the defendant, and (2) that some balance is owed to the plaintiff, which can only be ascertained with an accounting.