Which of the Following Is False Regarding the Rights and Obligations

question 67

Multiple Choice

Which of the following is false regarding the rights and obligations of partners?

• A) Each partner can serve as an agent for the partnership.
• B) As long as the partner has authority to act, each partner's act in performing business duties is binding on the partnership.
• C) As long as the partner has authority to act, each partner's act in making agreements with third parties is binding on the partnership.
• D) As long as one partner has authority to act and the partnership is bound by the act, each partner has unlimited personal liability for the obligation.
• E) A partner cannot serve as an agent for other partners.

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Definitions:

RuBP

Ribulose bisphosphate, a five-carbon sugar that is involved in the carbon fixation process of photosynthesis.

Thylakoid Space

The internal compartment of thylakoids in chloroplasts where the light-dependent reactions of photosynthesis occur.

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize foods from carbon dioxide and water, producing oxygen as a by-product.

Ribulose Bisphosphate

A five-carbon sugar which plays a crucial role in the process of carbon fixation in photosynthesis.