Which of the Following Statements Is True with Respect to the Obligations

question 197

Multiple Choice

Which of the following statements is true with respect to the obligations in a partnership relationship?

• A) In the absence of agreement to the contrary, when one of the partners is injured, the partnership is dissolved.
• B) In the absence of agreement to the contrary, the partnership is dissolved when one of the partners serves the others with notice to the effect that he wishes to continue.
• C) When a partnership is dissolved, each partner can only be forced by a creditor to pay a portion of the debt equal to his share of the capital contributed.
• D) When one of the partners owes a personal debt not associated with the partnership, that creditor has a claim on his portion of the assets of the partnership.
• E) A partnership can be dissolved only by court order.

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Definitions:

Beta

A tool for appraising the degree of volatility or systemic risk involved in a security or portfolio relative to the market at large.

Treynor Measure

A ratio used to evaluate the returns of a portfolio or investment adjusted for risk, taking into account the risk-free rate and market volatility.

Beta

A measure of a stock's volatility in relation to the overall market.

Risk-Adjusted Performance

A measure of how much risk is taken to achieve a certain level of return, comparing the performance of investments across different risk levels.