If Three Partners Set Out a Term in Their Partnership

question 62

True/False

If three partners set out a term in their partnership agreement that John would only be responsible for 10 percent of any losses,yet he has to pay 100 percent of a claim because the other partners have no funds,John could seek contributions from the other partners according to the partnership agreement.

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Definitions:

Social Cognitive Theory

Albert Bandura’s expansion of social learning theory; holds that children learn gender roles through socialization.

Reinforcement

In behavioral psychology, a process by which a stimulus increases the probability of a preceding behavior by either a positive or negative reinforcement.

Parents

Individuals who have a biological or legal relationship to a child, responsible for the child's care, upbringing, and development.

Peers

Individuals who are approximately the same age or at the same stage of development, often influencing each other's behaviors and attitudes through social interactions.