Question
Allen, Betty and Carmen are partners in a business operating a pharmacy. Allen, who is a doctor, uses the premises to conduct private consultations during
Allen, Betty and Carmen are partners in a business operating a pharmacy. Allen, who is a doctor, uses the premises to conduct private consultations during the weekend without informing the other partners. Which of the following statements best describes the fiduciary obligation that Allen has breached?
Select one:
A. A partner must provide true accounts and full information to other partners.
B. A partner must account to the firm and the other partners any benefit derived from the use of partnership property.
C. A partner must engage in the management of the partnership business.
D. A partner must not compete with the partnership business.
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