INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 2

Essay

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement.
-Your car has a market value of $4,000 while the balance of the loan against it is now $2,500.You will list this car as net worth [$4,000 | $1,500].

Recognize the implications of partnership duties and responsibilities on personal liability and profit sharing.

Distinguish between general and limited partnerships and their respective liabilities.

Identify the conditions under which a partnership is formed, including implied terms and the role of consent.

Understand the legal criteria for establishing the existence of a partnership.

---

Definitions:

Bipolar Disorder

A mental disorder marked by extreme mood swings from mania to depression.

Posttraumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.

Acute Stress Disorder

A disorder in which fear and related symptoms are experienced soon after a traumatic event and last less than a month.

Dissociative Amnesia

A dissociative disorder marked by an inability to recall important personal events and information.