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An account of profits (sometimes referred to as an accounting for profits or simply an accounting) is a type of equitable remedy most commonly used in cases of bdocHub of fiduciary duty.
For example, a plaintiff might argue that he has a cause of action for bdocHub of contract because the defendant broke a promise. In the alternative, the plaintiff might also claim to have a cause of action for fraud because the defendant lied when he made his promise.
An action for an accounting is a suit in equity for a determination of the amount owed to the plaintiff when the amount to which the plaintiff is entitled is uncertain and cannot be calculated based on the information available to the plaintiff.
An action for an accounting. 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.
An equitable claim, cause of action, or a lawsuit in equity, is very similar to a tort, except that usually the remedy involved is granting a court order for the losing defendant to actually do something. The main issue in an equitable lawsuit is usually fairness.
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Otherwise stated, a cause of action has three elements, to wit, (1) a right in favor of the plaintiff by whatever means and under whatever law it arises or is created; (2) an obligation on the part of the named defendant to respect or not to violate such right; and (3) an act or omission on the part of such defendant
The accounting would seem to be a straightforward, traditional remedy used against the errant fiduciary. The true accounting remedy yields a res- titutionary award of the defendants profits wrongfully obtained from the use of the plaintiffs property.
It is a restitutionary remedy in order to prevent or avoid unjust enrichment. Accounting for profits is an action taken against the wrongdoer to recover the profits produced by property which in equity and good conscience belonged to the plaintiff.
Equitable Claims A court awards an injunction to prevent a future harmful action -- rather than to compensate for a past injury -- or to provide relief from harm for which an award of money damages is not a satisfactory solution or for which a monetary value is impossible to calculate.
[A] cause of action for accounting need only state facts showing the existence of the relationship which requires an accounting and the statement that some balance is due the plaintiff. (Brea v. McGlashan (1934) 3 Cal. App. 2d 454, 460.)

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