Nora and Owen do business as Property & Profit, a real estate investment partnership. In acting on the firm's behalf, Nora takes advantage of an opportunity to make a secret profit. To her firm, Nora is liable for a breach of
A)the duty of care.
B)contract.
C)the duty of loyalty.
D)none of the choices.

Question

Quizplus · Accepted Answer

Nora is liable for a breach of the duty of loyalty because she took advantage of an opportunity for her own secret profit, which goes against her obligation to act in the best interests of the partnership.

Nora and Owen Do Business as Property & Profit, a Real