Which of the Following Is False Regarding the Rights and Obligations

question 67

Multiple Choice

Which of the following is false regarding the rights and obligations of partners?

• A) Each partner can serve as an agent for the partnership.
• B) As long as the partner has authority to act, each partner's act in performing business duties is binding on the partnership.
• C) As long as the partner has authority to act, each partner's act in making agreements with third parties is binding on the partnership.
• D) As long as one partner has authority to act and the partnership is bound by the act, each partner has unlimited personal liability for the obligation.
• E) A partner cannot serve as an agent for other partners.

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Definitions:

Intervening Variable

A hypothetical variable used to explain the relationship between variables, mainly in psychological research.

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The condition of being without enough food to eat, which can lead to malnutrition and a host of physical and cognitive issues.

Carbohydrates

Organic compounds made up of carbon, hydrogen, and oxygen atoms that serve as a major energy source for the body.

Behaviorists

Psychologists who focus on observable behavior and the ways in which learning influences behavior, often through the principles of conditioning.