________ Occurs When a Partner Contracts Personally with the General

question 72

Multiple Choice

________ occurs when a partner contracts personally with the general partnership,such as buying or selling goods or property to the partnership.

• A) Undisclosed self-dealing
• B) Misuse of partnership property
• C) Breach of confidentiality
• D) Usurping of a partnership opportunity

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Definitions:

Leftover Income

The amount of money an individual or household has after all expenses and taxes have been paid; also known as disposable income.

Bundle

A collection or group of goods or services that are considered together as a single combined unit.

Monthly Income

The total amount of income received on a monthly basis from all sources.

Price

The financial sum expected, necessary, or handed over in exchange for something.