Which of the following statements is true regarding any fiduciary duty between partners in Japan?
A) Fiduciary duties recognized between partners in Japan is very similar to the fiduciary duties recognized in the U.S.
B) Japanese law recognizes a fiduciary duty of obedience and loyalty between partners only if it is expressed by contractual agreement.
C) Japanese law does not recognize any fiduciary duty between partners.
D) The Japanese application of obedience and loyalty in partnerships far exceeds that of the U.S.
E) The Japanese recognize a duty of loyalty between partners,which is strictly construed,but not a duty of obedience.
Correct Answer:
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