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1.
(p. 796)
No partnership is created based upon an employer sharing profits with an employee as
payment for work.
2.
(p. 798)
Title to property may not be put in the name of a partnership.
3.
(p. 798)
Every partner is considered to be an agent of the partnership.
4.
(p. 799)
Partnership by estoppel is not recognized pursuant to federal law.
5.
(p. 802)
A partner who refuses to obey the articles of partnership may be held liable for any losses
that the partnership incurs.
6.
(p. 802)
Unless otherwise stated in the partnership agreement, even if one partner has an
unusually large proportion of management duties, each partner will have one vote in determining
how the partnership is managed.
7.
(p. 804)
Joint and several liability means that partners must be sued jointly.
8.
(p. 804)
If a partner has authority to act and the partnership is bound by the act, each partner has
unlimited personal liability for the obligation.
9.
(p. 804)
The implied authority of partners is determined by the partnership agreement.
10.
(p. 804)
If one partner pays an entire judgment for a tort for which the partnership is liable, other
partners have no legal obligation to indemnify that partner.
11.
(p. 795)
If no partnership agreement exists, which of the following generally establishes the rules
for the partnership?
12.
(p. 795)
Which of the following is an association of two or more persons to carry on as co-owners
a business for profit?
13.
(p. 795)
How many actual people (not persons as defined by the Uniform Partnership Act) are
required in order to have a partnership under the Uniform Partnership Act?
14.
(p. 795)
Which of the following may be a "person" under the Uniform Partnership Act?
15.
(p. 796-797)
Which of the following was in
Leoff
v. S&J Land Co.
, the case in the text involving
a land dispute and whether a partnership existed?
16.
(p. 798)
In relation to partnerships between local and multinational companies, what is meant by
the term "keiretsu"?
17.
(p. 801)
Which of the following was the result in
Colette Bohatch v. Butler & Binion
, the case
presenting the question of whether the fiduciary relationship between law partners gives rise to a
duty not to expel a partner who reports suspected overbilling by another partner?
18.
(p. 798)
In regard to developing countries which of the following is
not
true regarding offshore
partnerships?
19.
(p. 798)
Which of the following is
false
regarding the treatment of a partnership as a legal entity?
20.
(p. 799)
What is a written agreement that creates a partnership called?
21.
(p. 806)
Which of the following was the result in
Eric Johnson & Lori Johnson v. St. Therese
Medical Center
, the malpractice case in the text in which the plaintiffs sought to hold individual
partners liable under state law for a judgment obtained only against the partnership?
22.
(p. 799)
Which of the following is a way that a person may be held liable as a partner without
actually being named as a partner in a partnership agreement?
23.
(p. 800)
Which of the following is
false
regarding duties of partners to one another?
24.
(p. 802)
Which of the following is true regarding the liability of a partner for a mistake?
25.
(p. 807)
In Japan which of the following is true regarding any fiduciary duty between partners?
