Which of the Following Is Correct with Respect to the Law

question 90

Multiple Choice

Which of the following is correct with respect to the law of partnership?

• A)A partnership cannot be created inadvertently.
• B)Each partner is vicariously liable for the wrongful acts of their partners committed in the course of the partnership business.
• C)Partners are only liable for the torts of their partners if they in fact knew that the wrongful conduct was taking place.
• D)Joint and several liability means that each partner can be sued several times.
• E)Partners have unlimited liability,meaning that they can lose up to the amount they have invested in the business.

---

Definitions:

Deflation

is the decrease in the general price level of goods and services, often signifying an economic contraction.

CPI

A tool for examining the average prices consumers pay for a mix of services and goods, such as healthcare, transportation, and food, the Consumer Price Index calculates this using a weighted average approach.

Deflation

A decrease in the general price level of goods and services, often indicating an economic downturn.

CPI

The Consumer Price Index represents a metric that assesses the aggregate weighted cost of a variety of consumer products and amenities, encompassing areas like transportation, healthcare, and food.