Which of the Following Is Not a Necessary Element of the Definition

question 49

Multiple Choice

Which of the following is not a necessary element of the definition of partnership according to the RUPA?

• A) Co-ownership of the assets used by the business
• B) Association of two or more persons
• C) Limited liability of partners
• D) Carrying on of a business

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Definitions:

Medically Hopeless

A condition or situation where medical intervention is unlikely to result in improvement or cure.

Moral Obligation

A duty which arises from ethical or moral principles that govern a person's behavior and actions.

Utilitarian

Pertaining to the ethical theory that the best action is the one that maximizes utility, usually defined as maximizing happiness and reducing suffering.

Morally Acceptable

Actions or decisions that are considered right or ethical according to a moral code or ethical standards.