Which of the Following Is True When Upon Dissolution of a Partnership

question 7

Multiple Choice

Which of the following is true when upon dissolution of a partnership one partner pays liabilities of the partnership that are greater than the liquidated assets of the partnership?

• A) The partner who paid has a right of contribution against any partner who did not pay.
• B) The partner who paid has no right of contribution against any other partner.
• C) The partner who paid has a right of contribution against other partners only if the partner who paid was not the managing partner.
• D) The partner who paid has a right of contribution only against other partners who participated in the management of the partnership.
• E) The partner who paid has a right of contribution only against other partners who did not participate in the management of the partnership.

---

Definitions:

Groundwater Recharge

The process by which external water is added to an aquifer, replenishing the groundwater supply.

Twilight Zone

The twilight zone refers to the deep region of the ocean lying below the sunlit surface waters but above the dark abyss, characterized by minimal light penetration.

Bathyal Zone

relates to the part of the ocean's pelagic and benthic zones that extends from the edge of the continental shelf to the abyssal zone, characterized by minimal light penetration and a diversity of specialized organisms.

Coastal Zone

The interface where the land meets the ocean, encompassing shoreline environments as well as adjacent coastal waters, characterized by its unique biological and physical attributes.