Which of the Following Is True of Tort Liability of a General

question 42

Multiple Choice

Which of the following is true of tort liability of a general partnership?

• A) Only the partner who committed the tort is liable.
• B) Partners who have not committed the tort but had to pay liability cannot indemnify from the partner that committed the tort.
• C) A partner can be sued even if he or she did not participate in the commission of the tort.
• D) If one of the partners in the partnership is released, the other partners are discharged of liability.

Learn how to manage and organize paid and unpaid vouchers.

Comprehend the impact of a voucher system on a company’s balance sheet and general ledger.

Grasp the significance of separation of duties in internal control and voucher systems.

Understand how to apply discounts and manage cash payments in the voucher system.

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Definitions:

Firm-level Performance

Firm-level performance is the measure of a company's performance outcomes and achievements, such as profitability, revenue growth, or market share, evaluating its success in the industry.

Individual-level Performance

A measurement of an employee's work output and achievements as evaluated independently, rather than as part of a team.

Faith-based Businesses

Businesses that are operated based on religious principles and values, often aiming to have a positive impact on society alongside financial goals.

Christian Beliefs

Core doctrines and principles followed by Christians, based on the teachings of the Bible, including faith in Jesus Christ and the principles of love, forgiveness, and redemption.