Partnerships May Be Dissolved Only by Unanimous Agreement Among the Partners

question 50

True/False

Partnerships may be dissolved only by unanimous agreement among the partners.

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Definitions:

Respondeat Superior

Respondeat superior is a legal doctrine that holds an employer or principal legally responsible for the wrongful acts of an employee or agent, if such acts occur within the scope of the employment or agency.

Ethically Appropriate

Actions or decisions that align with principles of moral conduct and social values.

Misrepresentation

An untruthful assertion by one of the parties about a material fact.

Injured Third Party

An Injured Third Party refers to someone who is not part of a contract but suffers harm or loss due to the actions of one who is party to the contract.