Jones is a partner in a law firm in a small town, and he is also doing legal work out of his home in the evenings for himself. Which of the following statements is correct with respect to his responsibility for the money he earns?
◦ If Jones is a one-third partner in the law firm, he need only pay over a third of what he makes on the side.
◦ If Jones did not have the consent of his partners, he must pay over all money he makes through his business at home to the partnership.
◦ Jones has no responsibility; the money he makes through this extra work is his.
◦ Such conduct will automatically dissolve the partnership, but Jones can keep what he has made.
◦ Jones has a duty to tell the other partners, but the money is his and he can continue the extra work regardless of the other partners' consent.
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