MNO Was a Partnership Which Contracted for and Performed All

question 15

Multiple Choice

MNO was a partnership which contracted for and performed all types of painting jobs.Before the partnership was dissolved,MNO had entered into a contract under which MNO was to paint every room in the state capitol building.At the time of the partnership dissolution,MNO had not yet performed the work called for by such contract.If the partners involved in the winding up elect to perform the contract,they:

• A)have the authority to enter into new contracts with subcontractors,material suppliers,and workers.
• B)have no authority to enter into new contracts.
• C)cannot assign long-term contracts to other contractors.
• D)have the authority to enter into new contracts with subcontractors,material suppliers,and workers,but cannot borrow money in order to complete these contracts.

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Definitions:

Intuitionism

A philosophical theory asserting that moral truths and judgments are known through direct intuition.

Rule Utilitarianism

An ethical theory that suggests the rightness or wrongness of an action should be determined by the rules that lead to the greatest good for the greatest number.

Ethical Fundamentalism

A philosophy where individuals apply a set of predetermined ethical principles to make moral judgments in various situations.

Utilitarianism

A theory in moral philosophy arguing that the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.