Which of the Following Statements Is TRUE with Respect to the Risk

question 56

Multiple Choice

Which of the following statements is TRUE with respect to the risk of liability under a partnership?

• A)A person may be held liable as a partner, as long as the reasonable person would believe that that person was a partner in the partnership.
• B)If a partner in a limited liability partnership commits a tort, the other partners may avoid liability if certain requirement are met.
• C)Because of their special position within partnerships, managing partners cannot be held liable for torts and breaches of contract that are committed by other partners.
• D)A partner cannot be held liable for torts and breaches of contract that another partner committed while acting in an unauthorized way.
• E)A partner is liable for debts and liabilities of the spouses of their partners.

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Definitions:

Participant Observation

A qualitative research method where the researcher immerses themselves in a community or group to observe behaviors and interactions from within.

Objective Observations

Objective observations refer to the unbiased and impartial recording or reporting of facts without influence from personal feelings or opinions.

Focus Group

Research method that involves a collective depth interview.

ELM (Elaboration Likelihood Model)

A theory explaining how people are persuaded, suggesting that the level of thought given to persuasive communications depends on the relevance of the message to the individual.