David,Ed,and Fred Are Partners in the DEF Partnership

question 49

Multiple Choice

David,Ed,and Fred are partners in the DEF partnership.The partnership is being dissolved,having $200,000 in assets and owing $410,000 to creditors.David contributed $100,000 in capital; Ed contributed $50,000 in capital; and Fred contributed $25,000 in capital.Profits are shared equally.Which of the following is correct with regard to the responsibility of each partner?

• A)The partners will bear losses equally.
• B)The partners will bear losses in the proportion of their relative capital contributions.
• C)If Ed refuses to contribute to covering the loss and he is out of the jurisdiction, David and Fred must contribute the additional amount necessary to pay DEF's liabilities in the relative proportion of their capital contributions.
• D)Both (b) and (c).

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Definitions:

Drivers' Behavior

Pertains to the actions and reactions of drivers while operating a vehicle, often studied to improve road safety and reduce accidents.

Trait Heritability

The degree to which genetic differences among individuals contribute to individual differences in observed behavior or trait manifestation.

Repression

A defense mechanism where an individual unconsciously blocks out painful or unpleasant memories, thoughts, or feelings.

Erogenous Zones

Erogenous zones are areas of the body that have heightened sensitivity and can generate sexual pleasure when stimulated.