For a Partnership to Bring a Liability Suit Against a Client

question 10

Multiple Choice

For a partnership to bring a liability suit against a client, it would need to sue or conversely, it might be sued by the client .

• A) in its own name; using the full partnership's name
• B) in the names of all full partners; using each partner's name
• C) any partner, usually one with deep pockets; using their registered name
• D) the partnership as a whole; using any partner's name
• E) collectively; in tort of deceit

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Definitions:

Road Map

A detailed plan or strategy intended to achieve specific goals or objectives, often outlining key steps and milestones.

Effective Compensation

Compensation strategies that are fair, competitive, and aligned with the organization's goals, thereby motivating employees.

Compensation Mix

The combination of direct compensation (like salary and wages) and indirect compensation (such as benefits) that an employee receives.

Reward Strategy

A plan designed by an organization to recognize and provide incentives to employees for their work and achievements through financial and non-financial means.