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Three mon decided to form a partnership to look for burled treasure. Luke and Mark had expensive equipment, experience, and expertise, but the third partner,

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Three mon decided to form a partnership to look for burled treasure. Luke and Mark had expensive equipment, experience, and expertise, but the third partner, Cyrus, had a treasure map. Cyrus had his holidays start a few days earlier than the other two, so he went ahead to set up camp." Before the others arrived. Cyrus found the treasure. So when Luke and Mark arrived, he immediately dissolved the partnership and claimed the entire treasure for himself. Do Luke and Mark have any legal claim to the treasure? 1. No, they don't, because Luke and Mark's assets were not used to find the treasure. 2. Yes, they have a fiduciary duty to take their share. 3. Yes, they do, because the treasure was found before the partnership was dissolved. 4. No, they don't, because the partnership was dissolved before the treasure was made known. QUESTION 8 Megacorp Ltd. is a large private Ontario construction company in which Albert, John, and Michael are the shareholders and George, Mary, and Sam are the directors. Recently, Albert and John started up a building supplies business, which now has a contract to provide building supplies to Megacorp Ltd. However, Michael objects to this. In this situation, 1. none of the above 2. Michael is correct in objecting because Albert and John have a fiduciary duty to Megacorp Ltd, 03. Michael is correct in objecting because Albert and John are shareholders in Megacorp Ltd. 4. Michael is not correct in objecting because Albert and John have no fiduciary duty to Megacorp Ltd

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