Multiple Choice
Kendra and Amelia operate an art gallery, owned as a partnership. Kendra disappeared. A few days later, Amelia learned that Kendra embezzled $75,000 of government grant money through the company. Is Amelia responsible for the $75,000?
A) No, because the embezzlement was done by Kendra.
B) Yes, but only if Amelia was aware of the embezzlement.
C) Yes, because Amelia and Kendra are partners.
D) No, because partners are not responsible for the wrongful acts of other partners.
E) Yes, but only to the extent of Amelia's investment into the partnership.
Correct Answer:

Verified
Correct Answer:
Verified
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