Francis, Ricky, and Andrew Had Opened a Bakery in Partnership

question 15

Multiple Choice

Francis, Ricky, and Andrew had opened a bakery in partnership. During the course of their partnership, Ricky had taken a loan of $25,000 from Ryan for personal purposes which he defaulted. Ryan could obtain a(n) _____ from the court to secure his loan, directing the partnership to pay Ryan the distribution that Ricky would normally receive.

• A) doctrine of estoppel
• B) charging order
• C) order of relief
• D) proof of claim
• E) performance bond

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Definitions:

Conservation

In cognitive psychology, the concept that children learn that quantity, length, or number remain the same despite changes in appearance or form.

Object Permanence

The understanding in human development that objects continue to exist even when they cannot be seen, heard, or touched.

Egocentric

A term referring to the inability or difficulty in understanding a perspective other than one's own.

Formal-Operations

A stage in Piaget's theory of cognitive development, typically beginning around age 12, where individuals start to use abstract and logical thinking.