Which of the Following Statements Is True with Respect to the Obligations

question 197

Multiple Choice

Which of the following statements is true with respect to the obligations in a partnership relationship?

• A) In the absence of agreement to the contrary, when one of the partners is injured, the partnership is dissolved.
• B) In the absence of agreement to the contrary, the partnership is dissolved when one of the partners serves the others with notice to the effect that he wishes to continue.
• C) When a partnership is dissolved, each partner can only be forced by a creditor to pay a portion of the debt equal to his share of the capital contributed.
• D) When one of the partners owes a personal debt not associated with the partnership, that creditor has a claim on his portion of the assets of the partnership.
• E) A partnership can be dissolved only by court order.

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Definitions:

Amino Acid

Organic compounds that serve as the building blocks of proteins, containing both amino (-NH2) and carboxylic acid (-COOH) functional groups.

Polypeptide

A molecule consisting of a chain of amino acids linked by peptide bonds, and is the building block of proteins.

Amino Acid Sequences

The order in which amino acids are linked together by peptide bonds in a protein or peptide.

Enzyme

Biological catalysts which accelerate chemical reactions in living organisms by lowering the activation energy.