Asked by
ajeng ellyawan
on Nov 28, 2024Verified
A partner is liable for simple negligence in judgment in conducting partnership business because such an act implies intent to engage in misconduct.
Simple Negligence
A legal concept indicating a failure to act with the prudence that a reasonable person would exercise under the same circumstances.
Conducting Business
The act of engaging in activities, operations, or transactions that relate to the buying or selling of goods or services.
Misconduct
Improper or unlawful behavior by a person in a professional or official capacity.
- Comprehend the responsibilities of a partner's fiduciary role in a partnership.
Verified Answer
NR
Learning Objectives
- Comprehend the responsibilities of a partner's fiduciary role in a partnership.