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:

Charles Beard

An influential American historian who proposed that the Constitution was designed to protect the economic interests of its framers.

U.S. Constitution

The supreme law of the United States, established in 1787, outlining the nation's fundamental laws and principles, and the structure of its government.

Special-Interest Group

A group formed to advocate for specific interests or issues within a political, economic, or social context.

Margaret Sanger

An American birth control activist, sex educator, and nurse who popularized the term "birth control" and opened the first birth control clinic in the United States.