Tomlin Is a Partner in the Accounting Firm of TSY

question 89

Multiple Choice

Tomlin is a partner in the accounting firm of TSY. He embezzles client funds. Shay and Yalinda are his partners. Since Tomlin committed the tort within the scope of his partnership duties, are Shay and Yalinda liable?

• A) Yes, partners have common liability.
• B) Yes, partners have joint and several liability.
• C) Partners are only liable in accordance with the percentages used for the allocation of profits.
• D) Partners are liable in accordance with the percentages used for the allocation of losses.
• E) No, only Tomlin is responsible.

---

Definitions:

Cultural Integration

The process in which individuals from diverse cultural backgrounds come together to create a cohesive, unified community.

Cultural Assimilation

The process by which a person or group's language and/or culture come to resemble those of another group.

Cultural Pluralism

The coexistence of diverse cultures, where cultural differences are accepted and appreciated by the majority society.

HR Due Diligence

HR Due Diligence is a comprehensive appraisal of a business's human resources function prior to a merger, acquisition, or other major financial transaction, focusing on assessing the strengths and vulnerabilities of the workforce.