Use the Following Information to Answer the Questions
at the End

question 29

Multiple Choice

Use the following information to answer the Questions
At the end of the lease on their apartment, Abe and Bonnie decide to rent separate places and so must make a fair division of the property they purchased together. The items to be divided and the point values each person places on them are given below. $$\begin{array} { l l l } \text { Item } & \text { Abe's points } & \text { Bonnie's point } \\\text { Plant } & 10 & 10 \\\text { Bookcase } & 40 & 30 \\\text { Quilt } & 25 & 20 \\\text { Picture } & 25 & 40\end{array}$$
-If Abe and Bonnie use the adjusted winner procedure to divide the property, how many points of value will each person think they end up with?

• A) 55.67
• B) 76.67
• C) 54.23
• D) 56.50

---

Definitions:

Partnership Term

The duration for which a partnership agreement is set to exist, which can be indefinite or fixed, as specified in the partnership agreement.

Partnership Obligations

The duties and responsibilities that partners within a business partnership must fulfill, which may include contributing capital, sharing in profits and losses, and acting in the partnership’s best interest.

Assumed Liability

Liability that a party takes on voluntarily from another party, often seen in business acquisitions where the buyer takes on liabilities of the seller.

Creditors

Individuals or entities to whom money is owed by a debtor.