Which of the Following Is True Under the Uniform Partnership

question 11

Multiple Choice

Which of the following is true under the Uniform Partnership Act regarding personal liability of partners for obligations of the partnership when the partnership itself is liable?

• A) If a partnership is liable, each partner has unlimited personal liability.
• B) If a partnership is liable, each partner only has personal liability in proportion to the number of partnership members.
• C) If a partnership is liable, each partner only has personal liability in proportion to the way in which profits are allocated.
• D) If a partnership is liable, each partner only has personal liability in proportion to the way in which losses are allocated.
• E) Partners do not have personal liability for obligations of a partnership when the partnership itself is liable.

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Definitions:

Cognitive Restructuring

A therapeutic technique used to challenge and change negative and irrational thought patterns to reduce psychological distress.

Chronic Depression

A long-term form of depression, also known as dysthymia, characterized by persistent low mood and other depressive symptoms.

Parental Disconnection

Parental disconnection describes a situation where there is a significant emotional or physical distance between a parent and their child, often leading to various psychological and social issues in the child.

Schema Focused

A therapeutic approach concentrating on identifying and changing deeply ingrained patterns of thought and behavior that negatively affect an individual's life.