Which of the following is correct regarding the fiduciary duties in a limited partnership?
A) The general partner has a fiduciary duty to the limited partners.
B) Judicial authority seems to suggest that the limited partner has no fiduciary duty to the partnership.
C) The fiduciary duty of the general partner is extremely important to the interests of the limited partners, because they have no ability to manage or control the partnership business.
D) All of these are correct.
D
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In the Internet Age, retailers like Amazon and Apple are not constrained by physical shelf space and can offer consumers a much wider variety of products; yet small sales, one or two rather than millions of items at a time, can produce big profits. This development is an example of
A. the marketplace becoming more segmented and moving toward more niche products. B. declining population in developed countries. C. China becoming the second-largest economic power. D. the rise of business-to-business technology. E. instant-gratification shopping.
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What will be an ideal response?
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What will be an ideal response?
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