Which of the Following Are Included Within the Duty Partners

question 36

Multiple Choice

Which of the following are included within the duty partners hold to one another to be loyal?

• A) The fiduciary duty to other partners.
• B) The duty of obedience.
• C) The duty of care.
• D) The fiduciary duty to other partners, the duty of obedience, and the duty of care.
• E) The fiduciary duty to other partners and the duty of care, but not the duty of obedience.

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Definitions:

Landlord

An owner of property who rents it out to another party, known as a tenant, under an agreement.

Nonemployee Agent

An individual or entity that acts on behalf of another party in a business transaction but is not considered an employee.

Nondelegable Duty Of Care

A legal obligation that cannot be transferred to another party and requires a person or entity to exercise a certain standard of care.

Independent Contractor

An individual or entity contracted to perform work for or provide services to another entity as a non-employee.