A Partner May Pursue His or Her Own Interest Without

question 81

True/False

A partner may pursue his or her own interest without automatically vio?lating the fiduciary duties that he or she owes to the firm.

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Definitions:

Common Good

The benefit or interests of all participants or members of a society or community, as opposed to the benefit of a single individual.

Society

A group of individuals involved in persistent social interaction, or a large social grouping sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

Functionalist Theory

A viewpoint in sociology that sees society as a complicated system in which its components cooperate to foster unity and steadiness.

Age Differentiation

The categorization or division of individuals into groups based on their age, affecting their roles, responsibilities, and social perceptions within society.