To Ensure That a Dissolving Partner Does Not Create Additional

question 17

Multiple Choice

To ensure that a dissolving partner does not create additional liability for the partnership, which of the following is true regarding notice to be provided to a third party that has provided credit to a partnership?

• A) There is no requirement that notice be provided because by law, the dissolving partner has no authority to bind the partnership.
• B) The third party may be notified through advertisement in the newspaper.
• C) The third party may be notified through a general post on the Internet at the partnership's website.
• D) The third party must be provided direct verbal or written notice.
• E) The third party must be provided written notice based on the statute of frauds.

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Definitions:

Emotional States

Complex psychological states that involve physiological arousal, expressive behaviors, and conscious experience.

Short-Term Memory

The component of memory where small amounts of information can be stored for a short duration.

State-Dependent Memory

The phenomenon where information learned in a particular state of mind (e.g., happy, sad) is more easily recalled when in that same state of mind.

Effortful Processing

A type of encoding that requires attention and conscious effort to remember information.