Which of the Following Statements Is False Regarding the Treatment

question 61

Multiple Choice

Which of the following statements is false regarding the treatment of a partnership as a legal entity?

• A) A partnership is often considered a legal entity when it is sued or being sued.
• B) State law determines whether a partnership can or cannot be named in litigation.
• C) Title to property can be put in the partnership name.
• D) Every partner is considered an agent of the partnership, but not every partner has a fiduciary duty to all other partners.
• E) Under the doctrine of marshaling assets, partnership assets are arranged in a certain order to pay any outstanding debts.

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