Fred Is a Partner in a Land Development Partnership

question 2

Multiple Choice

Fred is a partner in a land development partnership. He has learned independently of an opportunity to pursue a land development project with Nelly. Nelly refuses to be involved in business with Fred if he associates his partnership in the project. Nellie will do business with Fred only if he is independent of his partners. Fred will have no liability to his partners if:

• A) he is careful to inform any third parties with whom he and Nellie do business that he is not acting on behalf of the partnership
• B) no damages are suffered by the partnership
• C) he keeps the opportunity secret
• D) he ensures that anything he does on the project is outside office hours
• E) none of the above will protect Fred from liability

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Definitions:

Territorial Expansion

The process by which a country increases its land and influence, often through colonization or the acquisition of territories from other countries.

Slave Women

Female individuals who were subjected to slavery, historically denied personal freedom and forced to work without compensation.

Spanish Rule

pertains to the historical period when Spain governed territories around the world, including parts of the Americas, through a system of viceroys and colonial administration.

Legal Equality

The principle that all individuals must be treated equally by the law, without any discrimination.