The duty of obedience is considered ________
A) a fiduciary duty.
B) an article of good faith in a partnership agreement.
C) the duty that binds the partnership to federal law.
D) a duty associated with the distribution of profits.
E) a duty for any personal expenditures to be itemized out for the partnership.

Question

Quizplus · Accepted Answer

The duty of obedience is a fiduciary duty that requires individuals in certain positions, such as trustees, directors of corporations, or partners in a partnership, to act in accordance with the rules and interests of the organization or partnership. This duty ensures that actions taken are within the scope of authority and in the best interest of the entity they serve.

The Duty of Obedience Is Considered ________