Which of the following is not true regarding a partnership name? a. The name selected may not be the same as or deceptively similar to the name of any other existing business. b. It may not be the name of any one of the partners. Oc. It may be a fictitious name. d. It may not be likely to indicate to the public that it is a corporation. a. QUESTION 14 Which of the following is true of a partner's fiduciary duty? The RUPA's provision regarding the fiduciary duty is not exclusive, but leaves further development of the fiduciary duty of partners to the common law of agency. b. The fiduciary duty extends to the formation of the partnership, even when the parties are negotiating at arm's length. The RUPA provides that a partner does not violate the duty of loyalty merely because the partner's conduct furthers the partner's own interest d. The duty not to compete continues for a reasonable time after dissociation. QUESTION 15 General Widget partnership assets amount to $34,000 after liquidation. Frank, Gene, and Hank, equal partners, each contributed $3,000 into the capital pool at the inception of the business. Gene later loaned the business S5,000. They owe $23,000 to creditors for inventory. What will Gene get in distribution, assuming there is no agreement on the distribution of profits? Ca. 58,000 b. 55,000