Which of the Following Is Correct with Respect to the Law

question 1

Multiple Choice

Which of the following is correct with respect to the law of partnership?

• A) Partners are only liable for the torts of their partners if they in fact knew that the wrongful conduct was taking place.
• B) A partnership cannot be created inadvertently.
• C) Partners have unlimited liability, meaning that they can lose up to the amount they have invested in the business.
• D) Each partner is vicariously liable for the wrongful acts of their partners committed in the course of the partnership business.
• E) Joint and several liability means that each partner can be sued several times.