Nina and Owen Are General Partners in Property Management L

question 7

Multiple Choice

Nina and Owen are general partners in Property Management L.P., a limited partnership. Without Nina's knowledge or consent, Owen defrauds the firm's clients, resulting in the firm's liability for the losses. The limited partners file a suit against Nina to recover their investments. She is most likely liable

• A)if the clients are viewed as innocent third parties.
• B)in a state that does not protect innocent partners from fraud suits.
• C)under any circumstances.
• D)under no circumstances.

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Definitions:

Concussion

A brain injury caused by a blow to the head or a violent shaking of the head and body, leading to temporary cognitive symptoms.

Depression

A mental disorder manifested by a chronic sense of despair or indifference towards hobbies, seriously impeding daily undertakings.

Fragmentation

The process or state of breaking or being broken into small or separate parts.

Thought Processes

The mental operations involved in cognitive activities such as decision-making, problem-solving, and reasoning.