Question $15$

$5$ pts

Wolf and Andreas are $\frac{50}{50}$ partners in a partnership. Wolf dissolved the partnership, which was a partnership$-$at$-$will, and the partners are in the winding$-$up process. Andreas offers Wolf $$300,000$ for Wolf's share in the partnership. A third party offers Andreas $$750,000$ for all partnership assets and liabilities. Is Andreas obligated to revoke his offer to Wolf?

Yes, he owes a fiduciary duty to Wolf to privilege Wolf's offer over any third$-$party offer.

Yes, he owes a duty to the partnership to maximize partnershio assets.

No$,$ he owes no fiduciary duty to the partnership to maximize partnership assets.

No$,$ he no longer owes any duty to Wolf