The law specifies that partners owe a fiduciary duty to one another of the highest loyalty.

Name: The law specifies that partners owe a fiduciary duty to one another of the highest loyalty.
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Quizplus · Accepted Answer

This statement is true. Partners in a business partnership have a fiduciary duty to act in good faith and with the highest loyalty towards one another, as established by common law and statutory law. This duty includes being honest, fair, and transparent in their dealings and avoiding conflicts of interest.

The Law Specifies That Partners Owe a Fiduciary Duty to One