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.