Which of the Following Is Correct Regarding the Fiduciary Duties

question 27

Multiple Choice

Which of the following is correct regarding the fiduciary duties in a limited partnership?

• A) The general partner has a fiduciary relationship to the limited partners, but not to any other general partners.
• B) Judicial authority seems to suggest that the limited partner has no fiduciary duty to the partnership.
• C) The fiduciary duty of the general partner has little effect upon the interests of the limited partners, because they have no ability to manage or control the partnership.
• D) All of these are correct.

---

Definitions:

Emotional Socialization

The process through which individuals learn and internalize the emotions and emotional responses considered appropriate within their culture.

Emotion Work

The effort to manage one's own emotions to meet the emotional requirements of a job or social roles.

Display Rules

Sociocultural norms that dictate appropriate emotional expressions in various contexts.

Feelings Rules

Cultural norms dictating the appropriate emotions to be felt and expressed in various social situations.