A general partner who is offered an opportunity on behalf of the partnership cannot ________ the partnership opportunity.

Question

Quizplus · Accepted Answer

A general partner cannot take or seize a partnership opportunity for their own personal gain (usurp). They have a duty to act in the best interest of the partnership and cannot deny or avoid the opportunity unless it would not be beneficial for the partnership. They also cannot indemnify themselves for any actions that harm the partnership. Averting the opportunity is not necessarily the best choice as it may be a beneficial opportunity for the partnership.

A General Partner Who Is Offered an Opportunity on Behalf