Juan,a Partner in the Bell Partnership,in Violation of a Specific

question 69

Multiple Choice

Juan,a partner in the Bell Partnership,in violation of a specific term in the partnership agreement restricting the extension of credit of more than $5,000 without the written consent of all the partners,extends credit of $6,500 to Brittany.Juan has violated the duty of:

• A) obedience,and he can be held personally liable to his partners for any unpaid portion of the $6,500.
• B) obedience,but he cannot be held personally liable for the unpaid portion of the debt.
• C) care because he owed the partnership a duty to act in good faith.
• D) loyalty,and he is therefore personally liable to the partnership for $6,500.

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Definitions:

Self-Regulation

The ability to manage one's thoughts, emotions, and behaviors in pursuit of long-term goals.

Vulnerable Narcissism

A form of narcissism characterized by sensitivity to criticism, insecurity, and an internal sense of grandiosity and entitlement.

Neurotic

A personality trait characterized by emotional instability, anxiety, moodiness, worry, and jealousy.

Anxious

Feeling of worry, nervousness, or unease about something with an uncertain outcome.