Which of the following is not a requirement for a partner to personally profit from partnership transactions?
A)She must deal in good faith.
B)She must make a full disclosure of all material facts affecting the transaction.
C)She must disclose all facts to her knowledge regarding the transaction.
D)She must obtain approval from her partners.

Question

Quizplus · Accepted Answer

The law permits a partner to profit personally from partnership transactions only if she deals in good faith,makes a full disclosure of all material facts affecting the transaction,and obtains approval from her partners.

Which of the Following Is Not a Requirement for a Partner