Which One of the Following Statements Is Correct with Respect

question 27

Multiple Choice

Which one of the following statements is correct with respect to the law of partnership?

• A) A partner is responsible for all torts committed by their partners.
• B) A partner is only responsible for those torts committed by the partner that are committed during the course of the business.
• C) Even where the tort is committed outside the scope of the partnership business, the partners will be liable for a tort committed by their partner.
• D) If a partner commits a tort in his own personal capacity outside of the scope of the partnership business, the victim has no recourse against any of the partnership assets.
• E) Where a person is injured by the careless action of an employee of a partnership in the course of his employment, that injured person has recourse against the assets of the partnership, but if those assets are not enough, he cannot go against the personal assets of the partners themselves.

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Definitions:

Variability

The extent to which data points differ from each other and from the mean of the data set.

Sampling Distribution

The distribution that indicates the probabilities of a given statistic, which is acquired from a random sample.

T-distribution

A probability distribution used in statistics that arises when estimating the mean of a normally distributed population in situations where the sample size is small and the population standard deviation is unknown.

Standard Normal Distribution

Normal distribution measured in standard deviation units with a mean equal to 0 and a standard deviation equal to 1.