A Partner Is Not Liable to the Partnership for the Value

question 34

True/False

A partner is not liable to the partnership for the value of partnership property that he or she uses for individual purposes.

---

Definitions:

Average Hourly Wage

The mean wage that workers earn in a given economy, sector, or company, calculated per hour of work.

Unionized Workers

Employees who are members of a labor union, which represents their interests in negotiations with employers regarding wages, working conditions, and other employment terms.

Craft Unions

Labor unions that represent workers specialized in a particular trade or craft, focusing on skilled labor in specific industries.

Industrial Unions

Industrial unions are trade unions that represent all workers, skilled and unskilled, within a particular industry.