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1 . If a partner does not share the expected responsibility for running the day - to - day operations of a partnership, which of
If a partner does not share the expected responsibility for running the daytoday operations of a partnership, which of the following duties is being violated?
Multiple Choice
Duty of care.
Duty to keep information confidential.
Duty to serve.
Duty not to compete against the partnership.
Duty to account.
If a partner refuses to keep reasonable records of all business transacted by him for the partnership or to make such records available to the person keeping the partnership books, what duty has the partner breached?
Multiple Choice
Duty to account.
Duty to act within actual authority.
Duty to serve.
Duty of care.
Duty to keep information confidential.
If a partnership wishes to give notice of a particular partner's authority or limitation on a partner's authority, the partnership can file a with the secretary of state or the real estate recording office.
Multiple Choice
Statement of Partnership Authority or Statement of Denial
Statement of Purpose
Statement of Limited Liability
Statement of Clarification
Statement of Fact
The doctrine that holds a partnership liable for the torts of its partners or employee is the doctrine of:
Multiple Choice
Purported partnership.
Limited partnership.
Res Ipsa Loquitor.
Respondeat superior.
Limited liability partnership.
A partner may compete against his partnership if he obtains from his other partners.
Multiple Choice
penalization
prognostication
indemnification
ratification
consent
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