Nora and Owen do business as Profit & Property, a real estate investment partnership. In acting on the firm's behalf, Nora takes advantage of an opportunity to make a secret profit for herself. To her firm, Nora is liable for

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Nora is liable for breach of the duty of loyalty because she took advantage of an opportunity for personal gain at the expense of the partnership, which violates her obligation to act in the best interests of the partnership.

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