Which of the Following Statements Is True Regarding the Duty

question 26

Multiple Choice

Which of the following statements is true regarding the duty of care,if any,that one partner owes to another?

• A)Partners owe a duty of care to each other,and a partner is liable to other partners on a strict liability basis for any mistakes or errors made.
• B)The duty of care is not involved in the law of partnership.
• C)The duty of care is owed by each partner to the partnership itself,but partners do not owe a duty of care among themselves.
• D)Partners owe a duty of care among themselves,but only in regard to transactions involving over $5,000.
• E)While partners owe a duty of care to each other,a partner who makes an honest mistake in fulfilling responsibilities to the partnership will not be held liable for the mistake.

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Definitions:

Training Evaluation

The process of assessing the effectiveness and impact of training programs on participants' performance and knowledge.

HR Department

A division within an organization responsible for managing recruitment, selection, employee relations, payrolls, and benefits, and ensuring compliance with employment laws.

Orientation Program

A structured introduction for new employees to familiarize them with the company, its policies, their colleagues, and their job responsibilities.

Behaviour Modelling

A training method that involves showing employees how to perform a task or behavior by demonstrating it and then allowing them to replicate the behavior.