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:

Statement

An instruction in a computer program that performs a specific action.

Invoking A Function

The process of calling a function in a program to execute the set of instructions defined within it.

Summoning

The process of calling or bringing into action a particular function, procedure, or entity within a program or computational framework.

Blank Space

A character representing an area without any visible mark, often used in text to separate words and sentences.