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

question 15

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)Under a limited liability partnership,a partner may avoid liability if another partner commits a tort of negligence if certain requirements are met by the partner seeking to avoid liability.
• 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:

Hostage Situation

A threatening scenario where individuals are held against their will by a captor with demands.

Hostage Taker

An individual who captures and holds others against their will, typically to achieve certain demands or goals.

Fatigued

The state of being very tired either physically or mentally.

Accommodation

A modification or adjustment to a job, environment, or the way things are usually done to enable individuals with disabilities to have equal opportunities.