Jones Is a Partner in a Law Firm in a Small

question 172

Multiple Choice

Jones is a partner in a law firm in a small town and he is also doing legal work out of his home in the evening for himself. Which of the following statements is correct with respect to his responsibility for the money he earns?

• A) Jones has no responsibility; the money he makes by this extra work is his.
• B) If Jones did not have the consent of his partners, Jones must pay over all the money he makes through his business at home to the partnership.
• C) If Jones is a 1/3 partner in the law firm, he need only pay over 1/3 of what he makes.
• D) Such conduct will automatically dissolve the partnership, but he can keep what he has made.
• E) Jones has a duty to tell the other partners, but the money is his and he can keep up the extra work regardless of the other partners' consent.

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Definitions:

Highest Rates

The most extreme or maximum levels that have been recorded within a specific category or domain.

Norepinephrine

A neurotransmitter involved in the body's response to stress and regulation of mood.

Dopamine

A neurotransmitter associated with the pleasure and reward systems of the brain, influencing both movement and emotional responses.

Serotonin

An essential brain chemical responsible for mood regulation, and fostering a sense of happiness and wellness.