A partner has all but which of the following duties?
a. A duty of faithful service to the best of his ability.
b. A duty to act in accordance with the partnership agreement.
c. A duty not to engage in any other business while a partner.
d. A duty not to acquire for himself a partnership opportunity without the consent of all the partners.
c
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Answer the following statement true (T) or false (F)
An unfavorable balance of trade occurs when
A. exports are greater than imports. B. imports are greater than exports. C. the total outflow of money is greater than the total inflow of money. D. the total outflow of money is less than the total inflow of money. E. exports equal imports.