Which of the following is incorrect with respect the responsibilities of partners to each other?
A) Unless the partners have agreed otherwise, partners' expenses are to be reimbursed.
B) Partners are free to compete with the partnership providing they do it on their own time.
C) Unless the partners have agreed otherwise, profits and losses are shared equally.
D) Any information that one partner learns because of his position in the partnership must be used for the benefit of the partnership, not for personal use.
E) Each partner owes the other partners a fiduciary duty.
Correct Answer:
Verified
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