States May Not Impose a Higher Fiduciary Duty Upon Partners

question 63

True/False

States may not impose a higher fiduciary duty upon partners than that set forth in the Revised Uniform Partnership Act.

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Definitions:

Real Defenses

A limited set of defenses that can be used to challenge the enforceability of a negotiable instrument, including forgery, fraud, and duress.

Personal Defenses

Defenses used in legal contexts that are specific to an individual, often used to avoid enforcement of a contract or to combat allegations in civil or criminal cases.

Holder

A party in possession of a negotiable instrument.

Fraud In The Factum

A type of fraud where a person is deceived into signing a document without understanding its true nature or consequences, resulting in an invalid agreement.