Unlimited Liability of Partners Is

question 13

Multiple Choice

Unlimited liability of partners is

• A)The agreement between partners that sets forth the terms under which the affairs of the partnership will be conducted
• B)In the absence of a contrary agreement,the legal responsibility of partners in a partnership to share all losses equally
• C)The legal relationship between partners in which all the partners must share liability for the partnership debts,but only up to the amount of their capital accounts
• D)The legal relationship among the partners whereby each partner is an agent of the partnership and is able to bind the partnership to contracts within the apparent scope of the partnership's business
• E)The legal relationship among general partners that makes each of them responsible for paying all the debts of the partnership if the other partners are unable to pay their shares

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Definitions:

Eyelids

Fleshy covers that protect the eye and spread tears over it to keep it moist, opening and closing for blinking and sleeping.

Inner Surface

The inner surface refers to the internal side or lining of an organ or structure within the body.

Macula

A specialized region in the center of the retina responsible for high-acuity vision, crucial for tasks like reading and driving.

Posterior Retina

The back part of the retina, sensitive to light and responsible for converting it into neural signals for visual recognition.