Harry, Clyde, and Pete Carried on Business in Partnership as Hardware

question 41

True/False

Harry, Clyde, and Pete carried on business in partnership as hardware merchants. Clyde, who did most of the purchasing of stock for the partnership, would occasionally purchase (using his own money) an extra quantity of some items that could readily be sold to consumers. He would use the truck owned by the business on the weekends to travel to his cottage where he would sell the items to cottage owners in the area of his own cottage. Harry and Pete were unaware of Clyde's actions, as Clyde had not revealed his weekend business activity to either Harry or Pete. Clyde's only liability to Harry and Pete is for expenses for his use of the truck.

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Definitions:

Empathic Mimicking

The action of involuntarily mirroring the emotions or expressions of others, a mechanism that fosters empathy and social connection.

Deindividuation

A psychological state in which an individual adopts a group identity, losing personal responsibility and inhibitions, often leading to impulsive and deviant behavior.

Abhorring

A feeling of repulsion or strong dislike towards something.

Mood Linkage

The phenomenon where individuals tend to share and synchronize their emotional states with others.