Which of the Following Is NOT a Consequence of Being

question 70

Multiple Choice

Which of the following is NOT a consequence of being a partner of a partnership?

• A) Partners are not liable for each other's torts.
• B) Partners are agents of each other.
• C) Each partner owns a portion of the value of the business.
• D) Each partner owes fiduciary duties to the partnership and to the other partners.

---

Definitions:

Oversubscription Option

A clause in an offering agreement that allows the issuer to sell more shares than originally planned if the demand exceeds expectations.

Refunds a Debt Issue

The process where an issuer returns investors' capital for a debt instrument before its maturity, often relating to a callable bond or similar financial product.

Call Provision

A clause in a bond's contract that allows the issuer to redeem the bond before its maturity date, typically at a predetermined price.

Bondholders

Individuals or entities that own bonds issued by corporations or governments, entitling them to receive the bond's face value at maturity and periodic interest payments.