In a partnership,partners may not compete against their own partnership unless:
A)they do not monetarily benefit from their competing venture.
B)they have been granted the apparent authority to do so.
C)they obtain consent from other partners.
D)they play the role of silent partners.

Question

Quizplus · Accepted Answer

A partner may not compete against his partnership unless he obtains consent from the other partners.For example,a partner of a retail clothing store may not open a clothing store nearby.However,he may open a grocery store and not breach his fiduciary duty.

In a Partnership,partners May Not Compete Against Their Own Partnership