Peter, Kathy, and Soren Are Partners in a Hardware Store

question 1

Multiple Choice

Peter, Kathy, and Soren are partners in a hardware store business.Peter wants to retire and have his son, Mac, assume his place in the partnership.Which of the following is TRUE?

• A)Peter cannot make Mac a partner because unanimous consent is required to admit a new partner.
• B)Peter can make Mac a partner by obtaining the consent of one of the other partners.
• C)Peter can make Mac a partner because every partner is entitled to choose their successor.
• D)Peter cannot make Mac a partner unless he has first worked in the partnership business.
• E)Peter can make Mac a partner because partnership interests can be assigned.

---

Definitions:

Longitudinal Study

Research that follows the same subjects over a period of time, observing changes or developments in them.

Untreated Participants

Individuals involved in a study or clinical trial who have not received the experimental treatment, intervention, or therapy, often serving as the control group.

Placebo

A chemically inert substance that produces real medical benefits because the patient believes it will help her.

Interpersonal Therapy

A short-term, focused treatment strategy for depression, emphasizing relationships and social functioning.