A Single Partner's Knowledge of Material Information Relating to Partnership

question 64

Multiple Choice

A single partner's knowledge of material information relating to partnership affairs is:

• A)imputed to the partnership.
• B)only considered partnership knowledge if all partners are put on notice.
• C)not enough to impute knowledge of such to the partnership.
• D)irrelevant when determining whether the partnership had actual knowledge.

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Definitions:

Geographic Shifts

Changes in the spatial patterns of phenomena on Earth, including population distributions, industry locations, and climate zones.

Primary Sector

The part of the economy involved with the extraction and production of raw materials, such as farming, mining, and fishing.

Economy

A system of production, distribution, and consumption of goods and services within a certain geographical area or country.

Agriculture

The science, art, and business of cultivating soil, producing crops, and raising livestock.