Multiple Choice
Which of the following is a violation of the fiduciary duty of a partner?
A) Where one partner uses information that he has gained from the partnership for the advantage of the partnership.
B) Where a partner uses the partnership property for partnership business.
C) Where one partner carries on an business unrelated to the partnership with the permission of the partners
D) When one partner starts another business without the consent of the other partners which is the same as or in competition with the partnership business
E) Where one partner learns of an investment opportunity in the field of the partnership and tells the partners. The partners decline on the opportunity, so he takes advantage of it himself
Correct Answer:

Verified
Correct Answer:
Verified
Q13: An agent with no express, implied, or
Q23: Which of the following is true with
Q42: The partners can change the terms of
Q48: Requirement of unanimous consent protects partners.
Q50: With respect to the formation of agency
Q93: Joe, Sam, and Harry set up an
Q114: Discuss the role of the Partnership Act
Q140: The relationship between the partners is governed
Q146: A sole proprietor is free from regulatory
Q196: A partnership is less expensive to set