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46.
(p. 804)
Which of the following is true if a partner commits a tort within the scope of his or her
partnership duties?
36-41
47.
(p. 807)
Which of the following is
false
regarding the Revised Uniform Partnership Act?
48.
(p. 802)
Which of the following is true regarding the duty of care, if any, that one partner owes to
another?
49.
(p. 799)
Which of the following is true regarding Sandra's statement that a written agreement is
not necessary to set up a partnership?
50.
(p. 799)
What is the written agreement creating the partnership entered into by Bruce, Sandra,
and Minnie called?
51.
(p. 800)
Did Sandra commit any breach of duty to the partnership?
52.
(p. 802)
Which of the following is correct regarding Sandra's statement to the effect that she had
greater management rights because she was doing a greater percentage of work for the
partnership?
53.
(p. 802)
Which of the following is correct regarding how the partnership losses should be
allocated?
54.
(p. 802)
Which of the following is correct regarding Matthew's claim to additional compensation
based upon the amount of work he was doing?
55.
(p. 803)
Is Wally entitled to inspect the books?
56.
(p. 803)
Which of the following is the proper reference for Wally's request to review all partnership
assets and profit statements listing the distributions to partners?
57.
(p. 803)
Is Wally entitled to a review of all partnership assets and profit statements listing the
distributions to partners?
58.
(p. 802)
Which of the following is true regarding Barry's claim that he is entitled to compensation
for closing down the mortuary?
59.
(p. 803)
Which of the following is correct regarding the executor's rights, if any, in Elaine's share
of the property to sell at auction?
60.
(p. 803)
Is Barry correct that he owed Elaine's estate nothing?
61.
(p. 802-803)
Set forth and describe the three property rights held by partners including rights,
if any, upon death.
62.
(p. 799)
As set forth in the text, list the types of information that articles of partnership usually
include.
63.
(p. 799)
Tonya and Maurice form a partnership to sell decorative rock for landscaping purposes.
They are having trouble getting customers as well as loans for inventory. Tonya falsely tells ABC
bank and customers that her parents are partners in the business. Her parents find out but take
no steps to provide correct information. Tonya and Maurice default on a loan to ABC Bank, and
the bank sues Tonya's parents. Will the bank likely prevail, and why or why not?
64.
(p. 804)
Ellie is a partner in a law firm. Pursuant to the partnership agreement, however, she does
not have authority to make purchases for the firm. Ellie goes to ABC Office Supply and makes a
purchase on the firm account. She later quits the law firm and takes the computer with her.
Assuming that ABC Office Supply knew she was a partner but did not know that she lacked
authority, what remedies are available to ABC and why?
65.
(p. 807)
Describe the liability, if any, of incoming partners.
