Which of the Following Is a Violation of the Fiduciary

question 33

Multiple Choice

Which of the following is a violation of the fiduciary duty of a partner?

• A)Where one partner carries on a business unrelated to the partnership with the permission of the partners
• B)Where a partner uses the partnership property for partnership business
• C)Where one partner learns of an investment opportunity in the field of the partnership and tells the partners.The partners decline on the opportunity, so he takes advantage of it himself.
• D)Where one partner uses information that he has gained from the partnership for the advantage of the partnership
• E)Where one partner starts another business, without the consent of the other partners, that is the same as or in competition with the partnership business

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Definitions:

Routing List

A document or guide that outlines the sequence and priority of tasks or destinations, commonly used in logistics and communication.

Errors in Message Taking

Mistakes or inaccuracies that occur during the process of recording and conveying messages, which can lead to misunderstandings or miscommunication.

Communicating Busyness

The act of expressing or conveying one's state of being busy or occupied with tasks.

Efficiency

The ability to produce a desired result with the least effort, expense, and waste.