Which of the Following Is False Regarding the Rights and Obligations

question 67

Multiple Choice

Which of the following is false regarding the rights and obligations of partners?

• A) Each partner can serve as an agent for the partnership.
• B) As long as the partner has authority to act, each partner's act in performing business duties is binding on the partnership.
• C) As long as the partner has authority to act, each partner's act in making agreements with third parties is binding on the partnership.
• D) As long as one partner has authority to act and the partnership is bound by the act, each partner has unlimited personal liability for the obligation.
• E) A partner cannot serve as an agent for other partners.

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Definitions:

Binge Drinking

The consumption of an excessive amount of alcohol in a short period, typically defined as five or more drinks for men and four or more for women within about two hours.

Statistical Probability

The likelihood or chance of an event occurring, based on a scale from 0 to 1, where 0 indicates impossibility and 1 indicates certainty.

Level of Significance

A statistical measure that determines the threshold at which the null hypothesis is rejected, often denoted by alpha (α).

Null Hypothesis

A statistical presumption positing that there is no notable difference or impact.