With Regard to the Liability of Partners,which of the Following

question 23

Multiple Choice

With regard to the liability of partners,which of the following is true?

• A)A general partner who retires from the partnership by giving notice of his leaving to the other partners could still be found liable for debt pursuant to a contract made when he was a partner.
• B)A limited partner has unlimited liability beyond the amount of his initial investment.
• C)A general partner has limited liability for any loss suffered because of the negligent act (e.g.,omission)of one of his partners.
• D)A general partner could not be liable for losses suffered by a client because of misapplication of funds unless he knew about or took part in the misapplication.
• E)The partnership,and thus the partners,are liable for any loss suffered because of a tort committed by its employee outside the course of his employment.

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Definitions:

Dermatomyositis

An inflammatory disease marked by muscle weakness and skin rash, primarily affecting the skin and skeletal muscles.

My/o

A prefix relating to muscle or muscles.

Muscle

A tissue composed of fibers capable of contracting to effect bodily movement.

Torsion

The twisting of an organ or body part on its own axis, leading to potential blood flow restriction.