Multiple Choice
What does a partner's duty to exercise loyalty and good faith mean?
A) Even a trivial breach of the partnership agreement will justify dissolution.
B) The partnership contract must be observed scrupulously.
C) A partner may seize an opportunity that conflicts with the interests of the partnership only if he does not use assets of the partnership in the transaction.
D) A partner must put the firm's interest above personal advantage until profits are made.
Correct Answer:
Verified
Correct Answer:
Verified
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