Multiple Choice
Mabel and Nicol do business as One World Realty. In acting on the firm's behalf in a deal with Property Acquisition Company, Mabel fails to account for the profit. To her firm, Mabel is
A) liable for breach of the duty of care.
B) liable for breach of the duty of economic sense.
C) liable for breach of the duty of loyalty.
D) not liable.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: A limited liability partnership can be formed
Q16: Fern and Gray want to form a
Q17: A partner owes a partnership and its
Q18: A partnership for a definite term cannot
Q20: Clu,Dolf,and Elton do business as Fertile Valley
Q21: A limited partner who participates in the
Q22: Dill and Edy form a partnership.Edy's capital
Q22: Jim and Kyle are partners in J&K
Q23: A general partner has the power to
Q25: A sharing of profits from the sale