Under Which of the Following Circumstances Will Rita Be Held

question 82

Multiple Choice

Under which of the following circumstances will Rita be held liable for the crime of her partner?

• A)The partner's criminal tendencies were unknown to Rita.
• B)The partner's crime was outside the scope of the partnership's business.
• C)The state's criminal code does not view partnerships as legal entities.
• D)The partner's crime was authorized by Rita.

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Definitions:

Asset Substitution

The practice of replacing an asset in a portfolio with another asset, typically to manage risk or improve returns.

Loan Provisions

Financial terms or conditions included in a loan agreement, such as interest rates or repayment requirements.

Debt Covenants

Agreements between a borrower and lender that outline conditions the borrower must comply with to avoid default.

Affirmative Covenants

Clauses in a financial contract that require the borrower to perform certain activities to maintain the financial health and stability of the company.