Each partner in a partnership is the agent of the other partners and is responsible for the torts of the other partners if committed in the course and scope of the partnership.
Correct Answer:
Verified
Q3: All debts are dischargeable in bankruptcy.
Q31: State laws that govern the sale or
Q32: A general partnership always has a managing
Q33: Exempt assets must be turned over to
Q34: A corporation is sometimes called an artificial
Q36: In a limited liability partnership, partners have
Q37: An employment arrangement without a fixed term
Q38: Bankruptcy is governed primarily by federal law.
Q39: In a limited liability company the individuals
Q40: The Securities and Exchange Commission (SEC) is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents