Beatrice Withdrew from a Partnership but Failed to Notify Any

question 35

Multiple Choice

Beatrice withdrew from a partnership but failed to notify any of the other partners except Tom, who did not have an opportunity to notify the other partners. Simultaneous to Beatrice's notifying Tom, Susan, another member of the partnership, made an authorized contract with a third party. Regarding that contract made by Susan, Beatrice is:

• A) not bound because she had withdrawn from the firm.
• B) bound because she failed to notify Susan of her withdrawal.
• C) not bound because withdrawal from the partnership caused its dissolution.
• D) bound because one may not withdraw from a partnership without the consent of one's partners.

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Definitions:

Statistical Software

Computer programs designed to perform statistical analysis, helping in data entry, manipulation, and presentation of results.

Two-way Table

A data organization method that displays frequencies or counts of variables in rows and columns, facilitating the examination of relationships between two categorical variables.

Null Hypothesis

A statistical hypothesis that assumes no effect or no difference between phenomena or populations.

Chi-square Test

A statistical test used to determine the difference between observed and expected frequencies in one or more categories.