Beverly, Jordy, and Will formed a partnership to sell articles and memorabilia related to various futuristic science-fiction movies and television shows. On a holiday to the Far East, Will attended a manufacturers' convention, where he saw excellent reproductions of a medallion worn on a very popular space TV show, and which was to be made available to the market in the next year.

On his return home, Will raved about the sights he had seen on his holiday, but said nothing about the item that he had come across. He then set up a separate proprietorship under the name Loxana Sales, and placed an order for 2,000 of the medallions, which he intended to sell at $20 each.

a)Since Will came across the medallion on a personal holiday, is he under any obligation to tell his partners about it?

What would be the result if Will did have a duty to his partners concerning this item?

Corporations