Yasmin and Elvis Were Partners

question 20

Multiple Choice

Yasmin and Elvis were partners. Yasmin committed a tort against Patagonia Inc while acting in the course of partnership business. Patagonia suffered a loss of $500 000. It successfully sued and now intends to satisfy judgment by collecting the appropriate amount. Which of the following statements is TRUE?

• A) Patagonia is entitled to collect from Elvis, but only to the amount that represents the value of the assets and services that Elvis has contributed to the partnership
• B) Patagonia can only take assets that qualify as partnership property
• C) Patagonia is entitled to satisfy its judgment against assets personally held by Yasmin, but not against assets personally held by Elvis
• D) If Patagonia collects $500 000 from Yasmin personally, she is entitled to collect that half that amount from Elvis in the absence of an agreement between them that allocates their responsibility differently.
• E) If Patagonia collects $500 000 from Yasmin personally, she is entitled to collect that amount from Elvis.

Determine how technology and innovation influence supply-chain efficiency and competitive advantage.

Understand the role of logistics and transportation choices in the effectiveness of supply-chain management.

Understand the concept of compound interest and its advantages over simple interest.

Calculate future value of investments using different interest rates and compounding periods.

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