General partners have a fiduciary relationship with each other. Accordingly, a general partner
A. May engage in a business that competes with the partnership if it is operated with his or her own resources.
B. May take advantage of a business opportunity within the scope of the partnership enterprise if the partnership agreement will terminate before the benefit will be received.
C. Must exercise a degree of care and skill as a professional.
D. May not earn a secret profit in dealings with the partnership or partners.
Answer: D. May not earn a secret profit in dealings with the partnership or partners.
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