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.

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Definitions:

Humanistic Psychologists

Psychologists who focus on an individual's free will, personal growth, and the concept of self-actualization.

Psychiatrists

Medical doctors who specialize in diagnosing, treating, and preventing mental health disorders, often using both medication and therapy.

Clinical Psychologists

Professionals specialized in diagnosing and treating mental health disorders, emotional disturbances, and dysfunctional behavior through various therapies.

Psychodynamic Perspective

An approach in psychology that emphasizes systematic study of the psychological forces underlying human behavior, feelings, and emotions and how they might relate to early experience.