Which of the Following Is True of a Partner's Fiduciary

question 25

Multiple Choice

Which of the following is true of a partner's fiduciary duty?

• A) The RUPA's provision regarding the fiduciary duty is not exclusive,but leaves further development of the fiduciary duty of partners to the common law of agency.
• B) The RUPA provides that a partner does not violate the duty of loyalty merely because the partner's conduct furthers the partner's own interest.
• C) The fiduciary duty extends to the formation of the partnership,even when the parties are negotiating at arm's length.
• D) The duty not to compete continues for a reasonable time after dissociation.

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Definitions:

Cultural Group

A community of people who share common cultural, linguistic, or ancestral heritage.

Individual Behavior

The actions, reactions, or mannerisms exhibited by a single person.

Broaching Behavior

The act of initiating conversations about sensitive or difficult topics, often in a therapeutic or counseling setting.

Multicultural Element

Aspects or components that acknowledge, respect, and incorporate diversity from different cultures, often in an educational, social, or work environment context.