Which of the Following Is Correct with Respect to the Law

question 44

Multiple Choice

Which of the following is correct with respect to the law of partnership?

• A) A partnership cannot be created inadvertently.
• B) Joint and several liability means that each partner can be sued several times.
• C) Each partner is vicariously liable for the wrongful acts of their partners committed in the course of the partnership business.
• D) Partners are only liable for the torts of their partners if they in fact knew that the wrongful conduct was taking place.
• E) Partners have unlimited liability, meaning that they can lose up to the amount they have invested in the business.

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Definitions:

Extraverted

Exhibiting an outgoing, socially confident personality and engaging with the external world.

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Fundamental traits that structure human personality, often considered to be traits like openness, conscientiousness, extraversion, agreeableness, and neuroticism.

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Areas of study or research that serve as central points connecting various disciplines or fields.

Career Paths

The progression or sequence of occupations and positions an individual may follow through their working life.