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Question
Fact Pattern 36-3
Ann is a limited partner and Bob is a general partner in Consumer Shoppes, a limited partnership that owns and operates a mall. Without Ann's consent, which is required under the partnership agreement, Bob sells the mall to Developing Realty, Inc., a firm in which Bob has an ownership interest. Ann files a suit against Bob, alleging breach of fiduciary duty.
Refer to Fact Pattern 36-3. According to the court in Case 37.3, Smith v. Fairfax Realty, Inc., a general partner in a limited partnership has a fiduciary duty to
a. all of the firms in which he or she has an interest.
b. all of the firm's partners.
c. himself or herself only.
d. the other general partners only.
Answer
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Related questions
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Fact Pattern 41-1
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Fact Pattern 41-1
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