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22 Fla. St. U. L. Rev. 955 (1994-1995)
From Behind the Looking Glass: Good Faith, Fiduciary Duty & (and) Permitted Harm

handle is hein.journals/flsulr22 and id is 975 raw text is: FROM BEHIND THE LOOKING GLASS: GOOD FAITH,
FIDUCIARY DUTY & PERMITTED HARM
CLAIRE MOORE DICKERSON*
I.  INTRODUCTION     ........................................................ 955
II.  PERMITTED HARM AND THE CONTINUUM ........................ 961
A.    Permitted Harm ............................................... 961
1.   H arm   ......................................................  961
2.   Harm that Is Permitted ............................... 970
B.   Good Faith and Fiduciary Duty on the Same
C ontinuum     .....................................................  978
1.   Good Faith on the Continuum ...................... 979
2.   Fiduciary Duty on the Continuum         ................. 985
3. Good Faith and Fiduciary Duty on the Same
Continuum      ...............................................  991
C.   The Permitted Harm System as Predictive .............. 993
1. Permitted Harm as a Refinement to the
Continuum    ...............................................  993
2. Why Is the Permitted Harm System's Predicta-
bility Important? ....................................... 995
III.  PERMITTED HARM SYSTEM AND AREAS IN FLUX ............ 1000
A.    Permitted Harm and Partners ............................. 1001
B.   Permitted Harm and the Controlling Shareholder .... 1005
C.   Permitted Harm and Loans ................................ 1009
IV .  CONCLUSION     ........................................................... 1019
I. INTRODUCTION
What impertinence! said the Pudding. I wonder how you'd like
it, if I were to cut a slice out of you, you creature!'I
W ITH regard to good faith and fiduciary duty, we have histori-
cally considered only one of the relevant points of view. What-
*Professor of Law, St. John's University; A.B., 1971, Wellesley College; J.D., 1974,
Columbia University; LL.M. in taxation, 1981, New York University. The author would like to
thank Lynne Dallas, Marleen O'Connor, Terry O'Neill and Alysa Rollock for their comments
on an earlier draft. My thanks also to Carol LoParrino, J.D. 1975, St. Johns University, for her
excellent research.
I. LEwis CARROLL, Through the Looking Glass, in THE COMPLETE WORKS OF LEws CAR-
ROLL 293 (1936) (emphasis in original).

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