The fiduciary duties of partners in a general partnership require that they refrain from competing with the partnership business, but these duties do not apply if a general partnership makes an LLP election. Group of answer choices True False
The fiduciary duties of partners in a general partnership require that they refrain from competing with the partnership business, but these duties do not apply if a general partnership makes an LLP election. Group of answer choices True False
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter21: Getting Employees To Work In The Firm’s Best Interests
Section: Chapter Questions
Problem 8MC
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Question
The fiduciary duties of partners in a general partnership require that they refrain from competing with the partnership business, but these duties do not apply if a general partnership makes an LLP election.
Group of answer choices
True
False
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