With Regard to the Liability of Partners,which of the Following

question 23

Multiple Choice

With regard to the liability of partners,which of the following is true?

• A)A general partner who retires from the partnership by giving notice of his leaving to the other partners could still be found liable for debt pursuant to a contract made when he was a partner.
• B)A limited partner has unlimited liability beyond the amount of his initial investment.
• C)A general partner has limited liability for any loss suffered because of the negligent act (e.g.,omission)of one of his partners.
• D)A general partner could not be liable for losses suffered by a client because of misapplication of funds unless he knew about or took part in the misapplication.
• E)The partnership,and thus the partners,are liable for any loss suffered because of a tort committed by its employee outside the course of his employment.

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Definitions:

Plan Of Care

A detailed approach for managing a patient's healthcare, involving diagnosis, treatment options, and goals tailored to the individual.

Intellectual Standards

Criteria applied to thinking to ensure clarity, accuracy, precision, relevance, depth, breadth, logic, significance, and fairness.

Slurred Speech

An abnormality in speech articulation characterized by unclear, slow, and difficult to understand words, potentially indicating neurological damage or intoxication.

Right-Sided Weakness

A condition in which the muscles on the right side of the body are less strong than those on the left, often resulting from neurological damage.