Jackie and Robert Own an Apartment Building as Partners

question 36

Multiple Choice

Jackie and Robert own an apartment building as partners.Cyndi,one of their tenants,gives Robert written notice she will be moving out at the end of the following month.Robert did not tell Jackie that Cyndi was moving.Has Cyndi properly given notice to the partnership?

• A)Yes.Notice to Robert was notice to the partnership.
• B)Yes, if it is determined that Robert acted negligently in failing to notify Jackie.
• C)No. Cyndi has an obligation to notify both Robert and Jackie.
• D)No. Jackie was not notified since Robert never told her Cyndi was moving.

---

Definitions:

Purely Competitive

A market structure characterized by a large number of sellers offering identical products, with easy market entry and exit and no single seller controlling market prices.

Differentiated Product

A merchandise unique from its rivals due to its superior quality, distinctive features, or branding.

Monopolistic Competition

A market structure where many companies sell products that are similar but not identical, allowing for product differentiation.

Mutual Interdependence

A situation in which the actions of one party significantly affect the outcomes for other parties, often seen in oligopolistic markets.