A Partnership Adds Ted as a Partner to Manage Their

question 21

Multiple Choice

A partnership adds Ted as a partner to manage their clients' accounts,even after discovering he is a convict on parole for theft.After working for one week,Ted quits and cannot be located.The partners discover that Ted stole $5,000 of their clients' money.Which of the following is true regarding the partners' liability?

• A)The partners are not liable.
• B)The partners are liable because they authorized the commission of the criminal act.
• C)The partners are liable because they knew of Ted's criminal tendencies yet placed him in a position where he may commit a crime.
• D)The partners are liable because they participated in the criminal act.

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Definitions:

Unpopped Kernels

Kernels of popcorn that did not explode and pop when heated in the popcorn-making process.

Microwave Popcorn

A type of popcorn that's packaged for cooking in a microwave oven, designed for convenience and quick preparation.

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A range of values derived from sample data that is likely to contain the value of an unknown population parameter.

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The concentration of cholesterol in the blood, often measured to assess heart health.