Which of the Following Is False Regarding Duties of Partners

question 55

Multiple Choice

Which of the following is false regarding duties of partners to one another?

• A) They have a duty to be loyal to one another.
• B) They have a fiduciary duty to one another.
• C) They should not take any kind of action that will undermine the partnership.
• D) They may engage in a competing business only if the competing business does not result in significant losses to the partnership.
• E) They must disclose any material facts affecting the business to one another.

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Definitions:

Frontal

Referring to the forehead or the front part of something, particularly in anatomy, it pertains to the front part of the brain or the frontal bone of the skull.

Maxilla

A pair of bones forming the upper jaw and part of the orbits surrounding the eyes, essential for facial structure.

Mastoid Process

A bony prominence located behind the ear on the skull that serves as a site of muscle attachment.

Trigeminal Nerve

The fifth nerve in the cranial region that handles sensory information from the head and face, as well as motor activities like chewing and biting.