What Does a Partner's Duty to Exercise Loyalty and Good

question 3

Multiple Choice

What does a partner's duty to exercise loyalty and good faith mean?

• A)Even a trivial breach of the partnership agreement will justify dissolution.
• B)The partnership contract must be observed scrupulously.
• C)A partner may seize an opportunity that conflicts with the interests of the partnership only if he does not use assets of the partnership in the transaction.
• D)A partner must put the firm's interest above personal advantage until profits are made.

---

Definitions:

Sildenafil

A drug used to treat erectile disorder that helps increase blood flow to the penis during sexual activity. Marketed as Viagra.

Erectile Disorders

A group of disorders characterized by a consistent inability to achieve or maintain an erect penis for satisfactory sexual activity.

Viagra

A brand name for sildenafil citrate, a medication used primarily in the treatment of erectile dysfunction.

Erectile Disorder

A medical condition characterized by the consistent inability to maintain an erection sufficient for satisfactory sexual performance.