Sometimes the Partnership Agreement May Specify That Interest Is to Be

question 23

Multiple Choice

Sometimes the partnership agreement may specify that interest is to be charged on partner's drawings. Which of the following is the main reason for such a charge?

• A) To reduce partnership profits.
• B) To act as a disincentive to partners withdrawing excessive amounts from the partnership.
• C) To increase the income of the partnership.
• D) To encourage partner's to draw extra amounts.

Explain the concepts of agonist and antagonist drugs and their impact on behavior.

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Grasp the importance of biological psychology and its areas of study.

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Definitions:

Civil Law

A legal system based on written codes or statutes, in contrast to common law, which is based on judicial decisions and precedents.

Criminal Law

The body of law that relates to crime and prescribes conduct perceived as threatening, harmful, or otherwise endangering to property, health, safety, and moral welfare of people.

Preponderance Of Evidence

A standard of proof in civil cases, requiring that a party's evidence be more convincing than the opponent's evidence to win the case.

Civil Law

A legal system originating in Europe, characterized by its codification of laws, that is distinguished from common law and covers areas such as contracts, family matters, and property.