When a Partner Makes an Honest Mistake (And Does Not

question 20

Multiple Choice

When a partner makes an honest mistake (and does not commit negligence) while working on behalf of the partnership :

• A)Both the partner and the partnership are excused from liability.
• B)The entire firm is liable if third parties are involved.
• C)The other partners are equally liable.
• D)The partner who made the mistake is liable if third parties are involved.

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Definitions:

Yards

A unit of length equal to 3 feet or 36 inches, used in both the imperial and US customary systems.

Inches

A unit of length in the United States customary and British imperial systems, equal to one-twelfth of a foot or exactly 2.54 centimeters.

Conversion Formula

A mathematical formula used to convert measurements from one unit to another.