Juan,a partner in the Bell Partnership,in violation of a specific term in the partnership agreement restricting the extension of credit of more than $5,000 without the written consent of all the partners,extends credit of $6,500 to Brittany.Juan has violated the duty of:
A) obedience,and he can be held personally liable to his partners for any unpaid portion of the $6,500.
B) obedience,but he cannot be held personally liable for the unpaid portion of the debt.
C) care because he owed the partnership a duty to act in good faith.
D) loyalty,and he is therefore personally liable to the partnership for $6,500.
Correct Answer:
Verified
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