Which of the Following Is a Violation of the Fiduciary

question 138

Multiple Choice

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

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

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Definitions:

Cherished Beliefs

Deeply held convictions or values that are central to one's identity or perspective.

Reasons

Logic or explanations provided to justify or explain a belief, action, or conclusion, differing from the previous mention by focusing on the rationale itself.

Global High-Tech

Refers to industries and companies operating in the advanced technology sector on a worldwide scale.

Critical Thinking

The intellectual discipline of actively and skillfully analyzing, synthesizing, and evaluating information to guide belief or action.