Asked by
Lexus Morris-Carballo
on Nov 30, 2024
Verified
Under the RUPA, a partner violates the duty of loyalty if the conduct furthers the partner's own interest.
RUPA
Refers to the Revised Uniform Partnership Act, which is a set of laws adopted by some U.S. states to govern the formation, operation, and dissolution of partnerships.
Duty Of Loyalty
The legal obligation of individuals, such as corporate directors or employees, to act in the best interests of their company or employer.
- Identify the roles and responsibilities of partners within a partnership, especially concerning fiduciary duties and the duty of obedience.
Verified Answer
JM
Learning Objectives
- Identify the roles and responsibilities of partners within a partnership, especially concerning fiduciary duties and the duty of obedience.
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