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

question 151

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) In the absence of agreement to the contrary, when one of the partners is injured, the partnership is dissolved.
• C) When one of the partners owes a personal debt not associated with the partnership, that creditor has a claim on his portion of the assets of the partnership.
• D) A partnership can be dissolved only by court order.
• E) 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.

Analyze the challenges of population expansion and capital flight in DVCs.

Understand the advantages of infrastructure development in the early stages of economic development.

Recognize the vicious cycle of poverty and how it hampers economic growth in DVCs.

Understand the importance of institutional changes, like land reform, in the economic development of developing nations.