Which of the Following Is True Under the Uniform Partnership

question 11

Multiple Choice

Which of the following is true under the Uniform Partnership Act regarding personal liability of partners for obligations of the partnership when the partnership itself is liable?

• A) If a partnership is liable, each partner has unlimited personal liability.
• B) If a partnership is liable, each partner only has personal liability in proportion to the number of partnership members.
• C) If a partnership is liable, each partner only has personal liability in proportion to the way in which profits are allocated.
• D) If a partnership is liable, each partner only has personal liability in proportion to the way in which losses are allocated.
• E) Partners do not have personal liability for obligations of a partnership when the partnership itself is liable.

Grasp the function and significance of legal treatises, hornbooks, and other research aids.

Recognize the role and hierarchy of judicial interpretations and court decisions.

Understand the structure and utility of legal citations in case law research.

Learn about West’s key-number system and its application in legal research.

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Definitions:

Bonneville Salt Flats

A vast salt flat located in Utah, USA, known for its flat, expansive landscapes and as a site for land speed record attempts.

Terrane

A fragment of crustal material formed on, or broken off from, one tectonic plate and accreted or sutured to crust lying on another plate.

Subduction Zone

A region where subduction takes place, characterized by deep ocean trenches and volcanic activity.

Welded

The process by which materials are joined together through melting and cooling, often referring to the solidification of pyroclastic material in volcanic environments.