Can Cole design software for the biotech industry at ColeCompany while the partnership is winding-up?
A) No,during the winding-up phase,a partner cannot engage in a business that competes with the partnership.
B) Yes,during the winding-up phase,a partner can engage in a business that competes with the partnership.
C) Yes,during the winding-up phase,a partner can engage in a business that competes with the partnership as long as he still fulfills his fiduciary duty to the partnership and discloses all the information about the partnership assets.
D) Yes,during the winding-up phase,a partner can engage in a business that competes with the partnership as long as he discloses all the information about the partnership assets.
E) No,a partner may never engage in a business that competes with the partnership.
Correct Answer:
Verified
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