Multiple Choice
Nora and Owen do business as Profit & Property, a real estate investment partnership. In acting on the firm's behalf in a deal with Quaint Village Mall, Nora takes advantage of an opportunity to make a secret profit on her own behalf. To her firm, Nora is liable for
A) breach of the duty of care.
B) breach of contract.
C) breach of the duty of loyalty.
D) nothing.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: A majority of the states treat a
Q6: The intent to associate is a key
Q7: Oliana is a partner in Pacific Traders.In
Q11: Chet is a partner in Diligent Accounting
Q21: Cherry Creek Development, LP, is a limited
Q23: Emily is one of three partners in
Q37: Smith & Jones, Accountants, is a limited
Q53: A partner has a duty to devote
Q59: Most states treat a partnership as an
Q71: A partner's devoting time, energy, and skill