Which of the Following Statements Is True with Respect to the Obligations

question 15

Multiple Choice

Which of the following statements is true with respect to the obligations in a partnership relationship?

• A)In the absence of agreement to the contrary,the partnership is dissolved when one of the partners serves the others with notice to the effect that he wishes to continue.
• B)When a partnership is dissolved,its resources must be used to pay its debts and liabilities; if its assets are insufficient to do this,the partners must use personal resources to meet those obligations.
• C)When a partnership is dissolved,each partner can only be forced by a creditor to pay a portion of the debt equal to his share of the capital contributed.
• D)A partnership can be dissolved only by court order.
• E)In the absence of agreement to the contrary,when one of the partners is injured,the partnership is dissolved.

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Definitions:

Indirect Strategy

A method of achieving a goal or conveying a message in a non-direct way, often involving subtle hints or maneuvers instead of straightforward actions or communication.

Grave-Dressing

The narratives or explanations people use to rationalize the end of a relationship or significant event.

Relational Dissolution

The process or period of breaking down or ending a relationship, typically involving emotional, physical, and social separation.

Public Story

A narrative crafted for or shared in a public domain, often influencing public perception or community identity.