If,upon Dissolution of a Partnership,one Partner Pays Liabilities of the Partnership

question 62

Multiple Choice

If,upon dissolution of a partnership,one partner pays liabilities of the partnership that are greater than the liquidated assets of the partnership,which of the following is true?

• A)The partner who paid has a right of contribution against any partner who did not pay.
• B)The partner who paid has no right of contribution against any other partner.
• C)The partner who paid has a right of contribution only against other partners who participated in the management of the partnership.
• D)The partner who paid has a right of contribution only against other partners who did not participate in the management of the partnership.
• E)The partner who paid has a right of contribution against other partners only if the partner who paid was not the managing partner.

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Definitions:

Multiple Variables

Multiple variables refer to the presence or use of more than one variable in an experiment or analysis to understand complex relationships or effects.

Random Assignment

A method used in experiments to allocate subjects randomly to experimental and control groups, ensuring each participant has an equal chance of any condition.

Technique

A systematic procedure, method, or skill applied in a particular task to achieve a desired result efficiently.

Testing Effect

An educational phenomenon where repeated testing on material leads to better memory retention than through study methods alone.