General partners owe a duty to inform their partners of all information they possess that is relevant to the affairs of the partnership.

Name: General partners owe a duty to inform their partners of all information they possess that is relevant to the affairs of the partnership.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

General partners have a fiduciary duty to act in the best interest of the partnership and its partners. This includes the duty to disclose all relevant information they possess that may impact the affairs of the partnership.

General Partners Owe a Duty to Inform Their Partners of All