General partners under the uniform partnership act

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Reference no: EM131770194

1. Which of the following is a violation of the director's or officer's duty of loyalty to a corporation?

Self-dealing.

Usurping a corporate opportunity.

All of these are violations of the duty of loyalty.

Competing with the corporation.

2. Which of the following is not a right provided to general partners under the Uniform Partnership Act?

The right to participate in the management of the partnership.

The right to reimbursement for business expenses.

The right to an equal share in the partnership's profits.

The right to receive compensation for providing services to the partnership.

Reference no: EM131770194

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