Ben Is a General Partner in Cut-Rate Shipping,LLLP,a Limited Liability

question 58

Multiple Choice

Ben is a general partner in Cut-Rate Shipping,LLLP,a limited liability limited partnership,which cannot pay its debts.Ben is personally liable for the debts​

• A)in proportion to the number of partners in the firm.
• B)to no extent.
• C)to the extent of his capital contribution.
• D)to the full extent.

---

Definitions:

Distributive Justice

concerns the fair allocation of resources and rewards among individuals in a society or group, based on principles of equity.

Conflict

A situation or process in which individuals, groups, or organizations have disagreements, disputes, or incompatibilities, often leading to a confrontation.

Bilateral Threat

A situation where two parties perceive each other as potential threats, often leading to escalated tensions or conflict.

Unilateral Threat

This term describes a situation where one party threatens to take action independent of others' preferences or actions.