Which of the Following Is NOT a Fiduciary Duty Owed

question 4

Multiple Choice

Which of the following is NOT a fiduciary duty owed by one partner to another?

• A)Partners are bound to render true accounts and full information of all things affecting the partnership to any partner.When it comes to business of the partnership,partners do not keep information secret from one another.
• B)Every partner must account to the firm for any benefit derived by him or her without the consent of the other partners from any transaction concerning the partnership or any use by him or her of the partnership property name or business connection.There shall be no secret benefits.
• C)Every partner must disclose to every other partner any interest she or he has in any other partnership or corporation.
• D)A partner must account for and pay over to the firm any profits made by him or her in carrying on any business of the same nature as that of the partnership and competing with the firm.

---

Definitions:

Personal Goals

The targets or achievements a person sets for themselves, directing personal action and decision-making.

Group Goals

The shared objectives or outcomes that a group aims to achieve through collective effort and cooperation.

Attribution

The process by which individuals explain the causes of behavior and events, often as internal dispositions or external situations.

Ancestral Past

Refers to the history and lineage of one's ancestors, often considered in the context of genetic inheritance and familial traits.