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

question 197

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, when one of the partners is injured, the partnership is dissolved.
• B) 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.
• 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) When one of the partners owes a personal debt not associated with the partnership, that creditor has a claim on his portion of the assets of the partnership.
• E) A partnership can be dissolved only by court order.

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Definitions:

Job Characteristics Model

A theory that proposes that the nature of one's job or the characteristics of the task one undertakes can play a role in influencing job satisfaction and job performance.

Contextual Factors

Various elements within the environment that influence the situation or outcome.

Vertical Loading

A management approach that involves giving employees at all levels more responsibility and autonomy, aiming to increase engagement and motivation.

Job Characteristics Model

A theory that proposes that the nature of a job in terms of variety, autonomy, task identity, task significance, and feedback can influence job satisfaction and motivation.