Which of the Following Statements Is True with Respect to the Obligations

question 15

Multiple Choice

Which of the following statements is true with respect to the obligations in a partnership relationship?

• A)In the absence of agreement to the contrary,the partnership is dissolved when one of the partners serves the others with notice to the effect that he wishes to continue.
• B)When a partnership is dissolved,its resources must be used to pay its debts and liabilities; if its assets are insufficient to do this,the partners must use personal resources to meet those obligations.
• C)When a partnership is dissolved,each partner can only be forced by a creditor to pay a portion of the debt equal to his share of the capital contributed.
• D)A partnership can be dissolved only by court order.
• E)In the absence of agreement to the contrary,when one of the partners is injured,the partnership is dissolved.

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Definitions:

Sender

The individual or entity initiating a message or communication to another party or parties.

Receiver

A receiver in communication refers to the individual or group that interprets or decodes the message sent by the sender.

Decoder

In communication, the process or device for interpreting or giving meaning to a message received from a sender.

Oral Communication

The ability to give and exchange information, ideas, and processes verbally, either one on one or as a group.