Multiple choice

Absolute duties of partners are: (1) imposed by law, (2) not subject to a contract to the contrary and (3) mandatory in nature.

  1. True

  2. False

  3. Partly true

  4. Cannot say
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Absolute duties in partnership law are obligations imposed by statute that cannot be contracted out of or modified by agreement between partners. They are mandatory in nature and apply regardless of what the partnership deed says. Examples include duties of good faith, diligence, and accounting. The answer True is correct because this definition accurately captures the concept of absolute duties.

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