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) Yes,because Amelia and Kendra are partners.
B) Yes,but only if Amelia was aware of the embezzlement.
C) No,because the embezzlement was done by Kendra.
D) Yes,but only to the extent of Amelia's investment into the partnership.
E) No,because partners are not responsible for the wrongful acts of other partners.
Correct Answer:
Verified
Correct Answer:
Verified
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