In a Partnership of A, B , and C, a Commits

question 6

True/False

In a partnership of A, B , and C, A commits fraud which creates a liability to the partnership of $9,000. If the three partners share profits and losses equally, A 's liability to the partnership for his fraudulent act is $3,000.

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Definitions:

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Unconscious Thoughts

Mental processes not immediately available to consciousness, influencing behaviors and perceptions without one's awareness.

Psychoanalyst

A therapist who practices psychoanalysis, a method of mental therapy developed by Sigmund Freud, focusing on exploring unconscious conflicts.

Free Association

A psychoanalytic technique in which the patient says whatever comes to mind to uncover subconscious thoughts and feelings.