A Partner Is Responsible for His/her Own Actions,but Not for Actions

question 45

True/False

A partner is responsible for his/her own actions,but not for actions taken by another partner on behalf of the partnership.

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Definitions:

Court Order

A formal instruction issued by a court that requires a person or entity to do or not do something.

Mining Partnerships

A specific type of partnership formed usually for the purpose of exploring for, developing, and operating mines and extracting minerals.

Dissolution

The process of officially ending the existence of a legal entity such as a company or partnership.

Austria

A landlocked country in Central Europe, known for its rich cultural heritage, historical landmarks, and contributions to art, music, and science.