Steve and Laura Do Business as a Partnership

question 6

Multiple Choice

Steve and Laura do business as a partnership.As a result, Steve has a fiduciary obligation to

• A)pay over to the partnership any amounts earned from activities unrelated to the partnership.
• B)give up any business interests outside the partnership.
• C)pass up opportunities to compete with the partnership.
• D)look after the personal health and welfare of the other partners.
• E)provide information to the partnership about business opportunities not related to the partnership business.

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Definitions:

Auscultation

The act of listening to the sounds made by internal organs, typically with a stethoscope, as part of a medical examination.

Palpation

The act of using one's hands to examine the body, especially while perceiving/diagnosing a disease or illness.

Inspection

The act of examining something closely, often for quality, safety, or compliance purposes.

Auscultation

A diagnostic method used in medicine to listen to the sounds of the internal organs, usually with a stethoscope.