Which of the following demonstrate an aspect of partner rsquo s fiduciary relationship ........

Indian Partnershoip Act (IPA) 1930 Miscellaneous Provisions

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Which of the following demonstrate an aspect of partner’s fiduciary relationship?

The duty not to draw any exclusive advantage by the use of the partnership property or information

The duty not to draw any benefit by engaging into transaction in rivalry with the firm

The duty not to divert the business opportunities of the firm to his own advantage

All of the above

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Explanation:

- 1. The duty not to draw any exclusive advantage by the use of the partnership property or information: A partner must use partnership resources and information for the partnership's benefit, not personal gain.

- 2. The duty not to draw any benefit by engaging in a transaction in rivalry with the firm: Partners should avoid entering into businesses that compete with the partnership, thereby protecting its interests.

- 3. The duty not to divert the business opportunities of the firm to his own advantage: Partners must prioritize the partnership's potential business opportunities over their personal interests.

- 4. All of the above: This option is correct as it encompasses all the fiduciary duties a partner holds to act in the best interests of the firm.