A capitalist partner is not allowed to enter into a new partnership if it is a competing business. What fiduciary duty is applied? Duty of diligence Duty of obedience Duty to inform Duty of loyalty
A capitalist partner is not allowed to enter into a new partnership if it is a competing business. What fiduciary duty is applied? Duty of diligence Duty of obedience Duty to inform Duty of loyalty
A capitalist partner is not allowed to enter into a new partnership if it is a competing business. What fiduciary duty is applied? Duty of diligence Duty of obedience Duty to inform Duty of loyalty
A capitalist partner is not allowed to enter into a new partnership if it is a competing business. What fiduciary duty is applied?
Duty of diligence
Duty of obedience
Duty to inform
Duty of loyalty
Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.
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