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Question
John knows that the Franklin Partnership, in which John is a partner, is interested in purchasing a particular tract of land for a business location. Can John lawfully have his aunt buy the land so that she may resell the land to Franklin Partnership?
A. No, it violates John's duty of care.
B. Yes, assuming the price to Franklin was a fair market price.
C. No, it violates John's duty of loyalty.
D. Yes, the aunt is not a Franklin partner and has no loyalty to it.
Answer
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Related questions
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D. a repudiation of contract.