Multiple Choice
Harry and Ron are partners in a delivery business. On a delivery, the delivery truck has a flat tire and Harry pays to have the flat fixed with his own personal credit card. Harry will be paid back the expense that he incurred in the ordinary course of business because
A) All partners have a right to indemnity
B) All partners have a right to liquidate
C) All partners have a right to substitute
D) All partners have a right to reimbursement
Correct Answer:

Verified
Correct Answer:
Verified
Q4: In the case, Meinhard v. Salmon, the
Q5: A _ partner may withdraw at any
Q6: Peggy, Crystal and Dean want to enter
Q7: Idi and Amin are partners in a
Q8: If a partnership does not want to
Q10: General Partnerships are created by filing a
Q11: Limited partnerships are required to file a(n)
Q12: To date, how many states in the
Q13: A partner's duty of loyalty means that
Q14: A partnership where the partners have not