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Which of the Following Is False Regarding Duties of Partners

Question 55

Multiple Choice

Which of the following is false regarding duties of partners to one another?


A) They have a duty to be loyal to one another.
B) They have a fiduciary duty to one another.
C) They should not take any kind of action that will undermine the partnership.
D) They may engage in a competing business only if the competing business does not result in significant losses to the partnership.
E) They must disclose any material facts affecting the business to one another.

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