If a Partner Is Unable to Cover a Deficiency and the Other

question 99

True/False

If a partner is unable to cover a deficiency and the other partners absorb the deficiency, then the partner with the deficiency is thus relieved of all liability.

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Definitions:

Defensive Attribution

A cognitive bias where an individual attributes causes of accidents or misfortunes to external factors to avoid personal blame or fear of future negative events.

Bad Mouth

To speak negatively about someone or something, often in a disrespectful or slanderous manner.

Cognitive Dissonance

A psychological state of tension that occurs when an individual holds two conflicting thoughts, beliefs, attitudes, or perceptions simultaneously.

Imbalance

A state of lack of equilibrium or proportion, in physical contexts, emotional states, or relationships.