The Fiduciary Duty Owed by One Partner to Another Requires

question 44

Multiple Choice

The fiduciary duty owed by one partner to another requires which of the following of a partner?

• A)paying over to the partnership any amounts earned from activities unrelated to the partnership
• B)giving up any business interests outside the partnership
• C)passing up opportunities to compete with the partnership
• D)looking after the personal health and welfare of the other partners
• E)providing information to the partnership about business opportunities not related to the partnership business

---

Definitions:

Receptive Language

Being able to interpret and comprehend spoken or written language.

Productive Language

The ability to produce language through speaking or writing, as opposed to understanding it (receptive language).

Understanding

Understanding is the ability to comprehend, grasp the meaning of, or discern the significance of something through cognition or experience.

Analytical Intelligence

A component of intelligence proposed by Robert Sternberg as part of his triarchic theory, involving the ability to analyze, evaluate, compare and contrast, and think abstractly.