Which of the Following Is True If a Partner Commits

question 28

Multiple Choice

Which of the following is true if a partner commits a tort within the scope of his or her partnership duties?

• A) All partners have common liability.
• B) All partners have joint and several liability.
• C) All partners are liable in accordance with the percentages used for the allocation of profits.
• D) All partners are liable in accordance with the percentages used for the allocation of losses.
• E) All partners are liable in accordance with the percentage of their capital contributions.

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Definitions:

Consumer Decision Making

The process by which consumers identify their needs, gather information, evaluate alternatives, and make choices regarding products and services.

Shipping Costs

Expenses involved in transporting goods from one location to another.

Bias

A tendency, inclination, or prejudice towards or against something or someone, often in a way considered to be unfair.

Anchoring

Tendency to rely heavily on one prior (suggested) piece of information when making a decision.