Solved

In Which One of the Following Situations Has the Duty

Question 77

Multiple Choice

In which one of the following situations has the duty between partners not been breached?


A) X,Y,and Z have a partnership in a restaurant business in Winnipeg.Unknown to his partners,Z is the major shareholder in a corporation that opens a restaurant in the same city.
B) X,Y,and Z have a partnership in a restaurant business in Winnipeg.Unknown to his partners,Z owns 50% of the shares in the company that supplies the restaurant with its food supplies.
C) X,Y,and Z have a partnership in a restaurant business in Winnipeg.Unknown to his partners,Z runs a catering business in the evenings using the restaurant's facilities.
D) X,Y,and Z have a partnership in a restaurant business in Winnipeg.Unknown to his partners,Z opens a shoe store in Regina as well.
E) X,Y,and Z have a partnership in a restaurant business in Winnipeg.Unknown to his partners,Z opens up a restaurant in the same city as a sole proprietorship.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents