Which of the following duties of the partners, that they owe each other, relates to the duty to act within the bounds of the authority or trust that has been extended?
A) Duty of embezzlement
B) Duty of obedience
C) Duty of derivative action
D) Duty of replevin
E) Duty to lost volume

Question

Quizplus · Accepted Answer

The duty of obedience relates to the obligation to act within the limits of the authority granted to a partner by the partnership agreement or bylaws. This duty requires each partner to follow the decisions made by the partnership and act in the best interests of the partnership as a whole. The other options are not related to this duty of partners.

Which of the Following Duties of the Partners, That They