Question: Question 6 1 p t s In class, we discussed the Duty of Loyalty, as it relates to various entities ( partnerships , LLCs ,
Question
In class, we discussed the Duty of Loyalty, as it relates to various entities partnerships LLCs and corporations Which example did we specifically discuss with regards to a breach of the Duty of Loyalty?
Two partners own a record store. One partner decides to open a competing record store across the street
Two partners own a house painting business in the BloomingtonNormal area. One partner decides to open a competing business in ChampaignUrbana one hour away
Two members of an LLC own a music shop, where they give private piano lessons. One member decides she wants to make extra money, so she advertises private piano lessons that she will provide in her home for $ cheaper, one mile from the music store
Two partners own a dog grooming business in Uptown Normal. One partner decides to open a new dog grooming business three doors down the street
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