Which of the Following Is Not One of the Fiduciary

question 16

Multiple Choice

Which of the following is not one of the fiduciary obligations of a partner at common law?

• A)Not to profit personally from their position or from information gained from their position without consent.
• B)Not to allow themselves to be in a position where there may be a conflict of interest without keeping the other partners informed.
• C)To account for private profits made in the course of acting in the course of the partnership.
• D)To compete fairly with the partnership in any personal business they have and to comply with the consumer law.

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Definitions:

Heterogeneous Mixture

A mixture that composes of components that aren't uniform or they have localized regions that all have different properties.

Homogeneous Mixture

A mixture in which the composition is uniform throughout and the different components cannot be distinguished.

Copper Sulfate

A blue crystalline chemical compound of copper and sulfate ions, used in various applications such as agriculture and chemistry.

Bluing

A process used to protect steel against rust by forming a thin protective layer of magnetite (Fe3O4) on its surface.