Under the Second Wave of the Partial Shield Statute, a Partner

question 28

Multiple Choice

Under the second wave of the partial shield statute, a partner of a limited liability partnership (LLP) would be unlimitedly liable for:

• A) breaches of ordinary contract obligation.
• B) negligent acts.
• C) wrongful acts by employees.
• D) wrongful acts of agents.
• E) malpractice and misconduct of employees.

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Definitions:

Credible Communication

Communication that earns trust, respect, and integrity in the eyes of others.

Active Listening

The process of fully concentrating, understanding, responding, and then remembering what is being said in a conversation.

Scientific Management

A management theory that applies scientific methods and principles to optimize work and enhance productivity, developed by Frederick W. Taylor.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often leading to prejudice and discrimination against people of other groups.