Which of the following is true with respect to the duty owed when a person is in possession of confidential information?
A) The duty is owed only between partners within a partnership.
B) There is an obligation of duty, only if stems from contract law.
C) There must be a fiduciary duty, in order to have a legal obligation not to disclose confidential information. .
D) A duty is only owed when the information is copyrighted or patented.
E) The nature of the duty is not to disclose confidential information about a business that would cause harm to the business or bring personal benefit.

Question

Quizplus · Accepted Answer

The duty owed when in possession of confidential information is to not disclose it in a way that could harm the business or provide personal benefit, regardless of formal agreements or intellectual property protections.

Which of the Following Is True with Respect to the Duty